USTR Rescinds 10% Tariffs on Canadian Aluminum
The day before Canadian countermeasures were to begin in response to 10% tariffs on Canadian non-alloyed, unwrought aluminum, the Office of the U.S. Trade Representative announced it will end the Section 232 tariffs, retroactive to Sept. 1. The 10% tariff on the subsection of aluminum imports went into effect Aug. 16.
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However, the USTR left open the possibility that the tariffs could return, depending on monthly import levels. “If imports exceed 105 percent of the expected volume in any month the United States may re-impose the 10 percent tariff going forward,” USTR said. The agency said the arrangement was arrived at after consultations with Canadian officials, and that consultations will happen again at the end of the year.