Tit-for-tat: Stacks of empty aluminium cans sit on a pallet before being filled with beer at Devil’s Canyon Brewery in San Carlos, California. Trump has revived a tariff on Canada’s aluminium shipments. — AFP
NEW YORK: Donald Trump just went back on the offensive with Canada, reviving a tariff on the country’s aluminium shipments. But thanks to some oddities in the metal market, producers in the Great White North could escape without incurring a full blow from the duty.
The freshly reinstated fees only apply to raw metal. That leaves the door open for US companies to import some of Canada’s products made from aluminium – pieces that go into auto parts, jet bodies and machinery – free of duties. The loophole could be especially relevant now that many analysts expect that the economy is past its trough, meaning demand for the value-added parts is only expected to increase in the months ahead.
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