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Stock impact report

Canada to aid steel, aluminum industries hit by U.S. tariffs: source [Reuters]

Rio Tinto Plc (RIO) 
US:NYSE Investor Relations: riotinto.com/investors-87.aspx
Company Research Source: Reuters
Canada to aid steel, aluminum industries hit by U.S. tariffs: source | Reuters 3 Min Read OTTAWA (Reuters) - Canada will hit back against U.S. tariffs on its steel and aluminum by offering affected companies and workers up to C$800 million ($603 million) in aid, a source familiar with the matter said on Thursday. Foreign Minister Chrystia Freeland will make an announcement in the steel city of Hamilton at 11 a.m. ET (1500 GMT) on Friday. The source, who declined to be identified because of the sensitivity of the situation, said Freeland will announce the aid and reveal a list of U.S. goods that Canada intends to subject to retaliatory tariffs. U.S. President Donald Trump imposed tariffs on Canadian steel and aluminum last month, citing national security reasons. The move helped upend one of the world’s most important trading relationships and soured ties between Ottawa and Washington. Freeland said on June 19 that the Liberal government of Prime Minister Justin Trudeau was working on Show less Read more
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