Canada was set to hit the US with retaliatory tariffs as we speak however this might change the state of play. The USTR mentioned that commerce in non-alloyed, unwrought aluminum is prone to normalize within the remaining 4 months of 2020 and will probably be eradicating tariffs retroactive to Sept 1. The 10% tariffs went into impact on August 15.
Trudeau had set a press convention for Three pm ET as we speak to impose $3.6B in counter measures.
USD/CAD has ticked decrease on the headlines nevertheless it’s a small transfer.
The satan is perhaps within the particulars right here. The assertion from the USTR implies quotas:
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