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Canada loses exemption as trade tension with U.S. heats up [Business News Network (BNN) Energy & Resources (Canada)]

ALCOA (AA)  More Company Research Source: Business News Network
Last alcoa earnings: 10/17 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF Canada loses exemption as trade tension with U.S. heats up The Trump administration is imposing tariffs on steel and aluminum imported from the European Union, Canada and Mexico to help protect America’s manufacturing base. The decision, announced by Commerce Secretary Wilbur Ross, came hours before temporary exemptions were due to elapse at 12:01 a.m. in Washington on Friday. The allies have vowed retaliation against such a trade action. President Donald Trump “has decided in the case of Canada, Mexico and the European Union not to extend the exemptions and therefore they will be placed under the 25 percent tariff on steel and the 10 per cent tariff on aluminum effective at midnight tonight,” Ross said in a press briefing on Thursday. Ross said he’s looking forward to “continued negotiations" with Canada, Mexico and the EU “because there are other issues" that need to be resolved. There’s potential “flexibility” in the future because the president has the power to increase or cut tar [Read more]

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