Industry News

U.S. Re-Imposes Tariffs on Aluminum From Canada, But Not Steel

Views : 227
Update time : 2020-08-24 16:27:21

The Trump administration in early August re-imposed Section 232 tariffs on aluminum imports from Canada, but spared steel from north of the border.

In an Aug. 6 presidential proclamation, President Trump stated that the secretary of commerce advised that, “aluminum articles were being imported into the United States in such quantities and under such circumstances as to threaten to impair the national security of the United States.” As a result, Trump restored the 10 percent tariffs on those imports that had been imposed in 2018 and lifted in 2019.

There had been concerns that steel imports from Canada would also be subjected to renewed tariffs.

An executive vice president at the U.S. Chamber of Commerce warned that, “These tariffs will raise costs for American manufacturers, are opposed by most U.S. aluminum producers, and will draw retaliation against U.S. exports – just as they did before.”

The day after the proclamation was issued, Canada announced $2.7 billion in retaliatory tariffs on aluminum-related goods imported from the United States.

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