- Write by:
-
Wednesday, October 28, 2020 - 2:44:38 PM
-
637 Visit
-
Print
Mining News Pro - U.S. President Donald Trump issued a proclamation on Tuesday formally removing tariffs on raw aluminum imports from Canada but threatening to reinstate them if there was a surge in imports of the metal across the northern U.S. border.
The proclamation follows an agreement with Canada announced last month by the U.S. Trade Representative’s office to reinstate an exclusion for Canadian imports from 10% “Section 232” national security tariffs, retroactive to September 1.
Trump first granted the exclusion to Canada in 2019, but a surge in imports of Canadian non-alloyed, unwrought aluminum prompted him to slap the tariffs back on in August, inflaming tensions with Ottawa.
After consulting with Canadian counterparts, USTR said Canada was now expected to export just 70,000 to 83,000 tons of raw aluminum per month through December — about half the monthly rate from January to July.
Trump said in the proclamation he may reimpose tariffs on non-alloyed unwrought aluminum from Canada “in the event that the volume of imports of these articles from Canada in the remaining months of 2020 exceeds the quantities that the United States expects will be exported from Canada.”
Short Link:
https://www.miningnews.ir/En/News/606732
AbraSilver Resource said on Monday it has received investments from both Kinross Gold and Central Puerto, Argentina’s ...
A Russian arbitration court ruled on Monday that four units of Swiss commodities trader Glencore will pay more than 11.4 ...
A Native American group has asked all members of a US appeals court on Monday to overturn an earlier ruling that granted ...
The London Metal Exchange (LME) on Saturday banned from its system Russian metal produced on or after April 13 to comply ...
The world’s coal-fired power capacity grew 2% last year, its highest annual increase since 2016, driven by new builds in ...
Peabody Energy Corp. shares sunk to the lowest in seven months after the biggest US coal miner warned that first-quarter ...
Rio Tinto said on Wednesday it is teaming up with a global venture studio and start-up investor to back the development ...
BMO Bank quietly dropped its policy restricting lending to the coal industry in late 2023, helping it avoid being ...
Vietnam’s top miner Vinacomin plans to invest 182 trillion dong ($7.3 billion) to ramp up its alumina-aluminum ...
No comments have been posted yet ...