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Eugene

(65,849 posts)
Sun Jul 6, 2025, 01:22 PM Jul 6

Canada could financially back aluminum producers if 50% U.S. tariffs persist, trade group says

Source: Reuters

Canada could financially back aluminum producers if 50% U.S. tariffs persist, trade group says

Reuters
Sat, July 5, 2025 at 4:08 PM EDT 2 min read

MONTREAL (Reuters) -Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a U.S.-led trade war, in the event that Washington's 50% tariff on imports of the metal persist in the medium term, the CEO of a key industry trade group said on Saturday.

Aluminium Association of Canada CEO Jean Simard told Reuters in an interview that the early talks could help the sector in the event that Ottawa is unable to reach a planned deal with its key trading partner by July 21.

"It's part of a larger discussion where everything is on the table," Simard said, adding that no decision has been reached.

Canada recently canceled a digital service tax on U.S. technology companies in order to preserve trade talks with U.S. President Donald Trump, but another irritant remains in the ongoing negotiations.

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Read more: https://finance.yahoo.com/news/canada-could-financially-back-aluminum-200812410.html

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