Industry News

Aluminum Association of Canada: Tariffs re-imposition to increase costs for US’ consumers & businesses

Views : 334
Update time : 2020-08-11 22:19:18
According to statistics, Canada’s primary aluminum exports to the US dropped by 2.6% year on year from May to June, and the US’ aluminum imports from Canada had a decrease of nearly 5% in the first half of this year compared to the same period in 2017.

It was understood that the US’ annual output of raw metals was only about 1 million tons, while the consumption was six times the figure.

The Aluminum Association of Canada (AAC) said that Canada’s aluminum has not only always been the main competitive advantage of US manufacturers since the early 20th century but also a key material part for the US’ national defense and industry. Therefore, the re-imposition of tariffs will only increase costs for US consumers and businesses during the economic recovery period.

Separately, Rio Tinto is coordinating with US customers to reduce the negative impact of Trump’s tariffs.
Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11