Sunday, October 19, 2025

Latest

Trump Reimposes 10% Tariffs on Aluminum, Canada Vows to Retaliate With ‘Dollar-for-Dollar’ Measures

To Canada’s dismay, on Thursday, US President Donald Trump announced that the US will be reimposing trade penalties on Canadian aluminum that were only lifted last year. According to Trump, Canadian steel producers had flooded the US with aluminum exports that have been allegedly destroying the country’s industry and job market.

The reignited trade feud comes just several weeks after the US, Mexico, and Canada finally put a new trade pact in place that was previously signed two years ago alongside the G20 Summit. Although the goal of the pact was to mitigate trade disputes between the three countries, there are evidently disagreements that still remain – such as Trump’s latest tariff announcements.

In response to the renewed call for 10% tariffs on Canada’s aluminum exports, Deputy Prime Minister Chrystia Freeland reacted with apprehension, arguing that such tariffs would only fuel the already complicated problems posed by the current COVID-19 pandemic for industrial workers and local economies. Freeland condemned the unwarranted tariffs, and vowed Canada will retaliate with dollar-for-dollar measures.

Canada has a highly advanced and skilled aluminum production industry, which puts it at the lowest carbon footprint compared to other steel producers of the same size. The country is also the world’s fourth largest manufacturer of aluminum, and produced a total of 2.8 million metric tonnes in 2019.

Information for this briefing was found via Government of Canada. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

When 4% of Global Copper Disappears Overnight | David Gower – Emerita Resources

Mining M&A: Gold X2 Acquires Kesselrun Resources

They Said Oil Was Dead. They Were Wrong. | Michael Judson – Record Resources

Recommended

Military Seizes Power in Madagascar After President Flees

Altamira Gold Hits 395.5 Metres Of 0.4 g/t Gold At Maria Bonita

Related News

US Pressures Canada to Honor F-35 Fighter Jet Agreement

The United States is warning Canada of potential negative consequences if it decides to abandon...

Wednesday, September 17, 2025, 08:33:54 AM

Carney Floats Keystone XL Revival In Trump Tariffs Talks

Canada linked energy cooperation to tariff relief as Prime Minister Mark Carney reportedly told President...

Thursday, October 9, 2025, 03:01:00 PM

Ottawa Counters Trump’s Auto Tariffs With Relief Program

Canadian officials unveiled a plan Tuesday to exempt car manufacturers with ongoing operations in Canada...

Wednesday, April 16, 2025, 02:18:00 PM

Unseen Migration Boom: Indian Migrants Flood Northern U.S. Border

A growing number of Indian nationals are making unauthorized crossings into the United States through...

Wednesday, September 11, 2024, 01:41:00 PM

Doug Ford Vows to Axe American Booze from LCBO Shelves in Retaliation to Tariffs

Ontario Premier Doug Ford has issued a stern warning to the Liquor Control Board of...

Tuesday, January 21, 2025, 10:49:00 AM