(Reuters) – The United States plans to re-impose tariffs on Canada’s aluminum imports, Bloomberg reported Monday night, citing people familiar with the matter.
If Canada refuses to impose export restrictions, the United States will announce on Friday the reimposition of 10% tariffs on the country’s aluminum, according to the report.
The tariffs would be implemented before July 1, added the report, which is also when a new trade agreement between the United States, Mexico and Canada (USMCA) is expected to enter into force.
Some industries, including automakers, had been calling for a late implementation of the deal due to the difficulties they face amid the coronavirus pandemic.
The USMCA replaces the 26-year-old North American Free Trade Agreement between the three economies.
The office of the United States Trade Representative did not immediately respond to a Reuters request for comment on aluminum rates outside normal business hours.
Earlier in the day, the United States Supreme Court rejected President Donald Trump’s tariffs on imported steel filed by an industry group that had argued that a key part of the law under which it imposed rights violates the Constitution. from United States.
Trump signed a proclamation this year that increases tariffs on steel products by an additional 25% and on aluminum products by an additional 10%, from which countries such as Canada and Mexico were exempt.
Report by Maria Ponnezhath in Bangalore; Edition of Muralikumar Anantharaman and Himani Sarkar
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