US set to announce aluminum tariffs on Canada: report
The next round of trade tariffs may be on aluminum and the target would be Canada.
The Trump administration is reportedly considering reinstituting tariffs on aluminum imports from Canada, according to Bloomberg.
GET FOX BUSINESS ON THE GO BY CLICKING HERE
That announcement could come by the end of the week.
The U.S. will impose a 10 percent tariff unless Canada imposes export restrictions on aluminum.
The tariffs will go into effect July 1, according to the people who spoke to Bloomberg.
SUPREME COURT REJECTS CHALLENGE TO TRUMP'S STEEL TARIFFS
FOX Business has requested comment from the USTR.
The timing of an announcement would come days before the July 1 date of the new U.S.-Mexico-Canada trade deal.
CLICK HERE TO READ MORE ON FOX BUSINESS
American aluminum producers have seen demand fall and prices drop during the coronavirus pandemic.