The United States is standing down in its dispute with Canada over imported aluminum.
BREAKING: The US is dropping its 10% tariff on Canadian aluminum, just a couple of hours before the Trudeau government was set to announce retaliatory tariffs #cdnpoli
— Cormac Mac Sweeney (@cmaconthehill) September 15, 2020
The U.S. trade representative’s office says it is tentatively lifting its 10 per cent tariff because it expects Canadian exports to “normalize” over the rest of the year.
“Accordingly, the United States will modify the terms of the 10 percent tariff imposed in August on imports of Canadian non-alloyed un-wrought aluminum,” USTR said in a statement.
“The United States will consult with the Canadian government at the end of the year to review the state of the aluminum trade in light of trade patterns during the four-month period and expected market conditions in 2021.”
Canada was set to announce retaliatory tariffs sometime Tuesday.
Prior to the latest development, Trudeau said the government would act to protect Canada’s aluminum industry.
“I want to highlight that we will be taking action to counter the unjust tariffs put on Canadian aluminum by the United States,” he said.
“As I’ve said many times, we will always be there to defend Canadian workers. We will defend our aluminum sector.”