We are not playing that game : Canadian aluminum producers in tough spot as White House swaps tariffs for quotas
|National Post 16 Sep 2020 at 15:32|
Jean Simard, president of the Aluminum Association of Canada, says that if he’s learned anything in the past few years, it’s that he can’t plan too far ahead.
On Monday, he was discussing the impact of the Trump Administration’s 10 per cent tariff on Canadian aluminum, which had taken effect only a week earlier. By Tuesday afternoon, the Trump Administration said it would place the tariff on hold, at least until mid-November, and instead impose a quota system on Canadian aluminum. If Canadian aluminum export volumes exceed the quota thresholds — and all historical and current export volumes suggest that is likely — then the tariff would be retroactively applied.