Saturday, July 12, 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

Mergers Set the Stage for Uranium’s Growth Cycle | Forum-Baselode Merger

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Recommended

First Majestic Produces 7.9 Silver Equivalent Ounces In Q2, Lifts Production Guidance

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

Related News

Carney’s “Nearly Zero” Tariffs Leave $20B Missing… And Maybe The Spring Budget?

Prime Minister Mark Carney’s abrupt rollback of retaliatory US tariffs has stripped Ottawa of a...

Friday, May 16, 2025, 02:14:00 PM

Canada Responds With Retaliatory Tariffs on Nearly $30 Billion US Imports

Canada is preparing to impose retaliatory tariffs on $30 billion worth of US imports in...

Thursday, March 13, 2025, 02:07:00 PM

Canada To Adjust Steel Tariffs Against US On July 21

Canada will adjust its retaliatory tariffs against US steel and aluminum imports on July 21,...

Friday, June 20, 2025, 11:17:00 AM

BYD Plans Canadian Expansion as Ottawa Mulls New Tariffs on Chinese Vehicles

Chinese electric vehicle manufacturer BYD is considering entering the Canadian automotive market, according to regulatory...

Wednesday, July 31, 2024, 11:29:00 AM

Will The New “Fentanyl Czar” Be Enough To Hold Trump Tariffs?

Ottawa has named Kevin Brosseau—once a deputy national security and intelligence adviser to Prime Minister...

Wednesday, February 12, 2025, 11:10:00 AM