US removes 10% aluminum tariffs imposed on Canada

The United States has suddenly called a tariff truce with Canada, lifting its 10% aluminum levy on Tuesday just hours before Ottawa was to unleash a suite of countermeasures, news wires reported.

The tariffs on Canadian aluminum will be lifted retroactive to 1 September because Canadian exports are expected to “normalize” over the remainder of the year, the US trade representative’s office said in a statement.

The news came as Canadian Deputy PM Chrystia Freeland and International Trade Minister Mary Ng prepared to unveil a list of US aluminum products and manufactured goods Canada had singled out for reciprocal treatment later on Tuesday.

Freeland says US decision to drop aluminum tariffs was ‘not a negotiated deal’ Speaking at a press conference she said “this is really a day when common sense has prevailed.” Freeland noted that Canada was prepared to retaliate with dollar-for-dollar measures, should the US ever decide to reimpose aluminum tariffs.

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