News

U.S. to Reverse Aluminium Tariff

Order Reprints
drtyu

Sept. 17, 2020—Last month, President Donald Trump announced a 10 percent tariff on certain types of Canadian aluminium. But, earlier this week, on the same day Canada planned to release its own retaliation, the U.S. has decided to back off. 

According to BBC News, the reversal came after it was discovered that imports were likely to decline. But American officials have said that if the shipments do not decrease as expected, a tariff will be applied to the excess.   

"These measures were an error from the beginning," said Canadian Finance Minister Chrystia Freeland. "This is really a day when common sense has prevailed."

Related Articles

Canada Expands Steel, Aluminum Tariff Exemptions

You must login or register in order to post a comment.