The U.S. announced the removal of aluminum tariffs it slapped on Canada last month.
The decision impacts the 10 percent tariff on non-alloyed, unwrought aluminum and comes a month after the administration reimposed the tariffs on Canada, citing a “surge” of imports coming from the country. During the summer, U.S. Trade Representative Robert Lighthizer expressed concern about recent struggles by American aluminum producers hurting from the flow of metal into the U.S.
Canada threatened a dollar-for-dollar retaliation that was expected to be announced Tuesday. Two Canadian government officials confirmed Canada would drop the counter tariffs on U.S. aluminum following the U.S. announcement.
Groups representing automakers and suppliers expressed concern over the tariff last month, with some in the industry viewing it as another obstacle stacked on top of COVID-19 stress and compliance with the United States-Mexico-Canada Agreement.
While USTR announced…