WASHINGTON — The United States is once again threatening to spark a fresh tariff war with Canada over aluminum exports, despite the debut of a North American trade agreement that was supposed to usher in stability in the midst of an international economic crisis.
Precisely why remains a mystery to trade and industry insiders, although it’s likely the result of a convergence of disparate factors: COVID-19, international metals arbitrage, President Donald Trump’s re-election campaign and $16.3-billion worth of Russian aluminum.
“It doesn’t make sense,” said Jean Simard, president and CEO of the Aluminum Association of Canada, coming as it does with the …read more
Source:: National Newswatch
