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Stockreport

Quebec's aluminum industry gets temporary relief from Trump's tariffs [CBC (Canadian Broadcasting Corporation)]

ALCOA (AA)  More Company Research Source: CBC
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Quebec's aluminum industry gets temporary relief from Trump's tariffs Navdeep Bains meets with industry leaders in Montreal, as U.S. puts in place new tariffs Quebec's aluminum and steel industry was handed temporary relief on Thursday, with Canada being exempt from the initial round of tariffs put in place by the United States. President Donald Trump announced tariffs of 25 per cent on imported steel and 10 per cent on aluminum on Thursday. Both come into effect in 15 days. Canada, as well as Mexico, won't be included in the initial round of tariffs, it was announced, but there's no guarantee that will be the case forever. Prior to the announcement, Economic Development Minister Navdeep Bains, tried to calm industry leaders at a meeting in Montreal. He said applying the tariffs, which threaten to handcuff one of Quebec's most important export industries, would ultimately not be in the U.S.'s best interest. "Because if you look at any tariff, it will have a negative impact on U.S. job [Read more]

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