At 11th hour, U.S. abruptly reverses course, lifts tariffs on Canadian aluminum
OTTAWA — The United States is standing down in its tariff dispute with Canada and lifting a 10 per cent levy on aluminum imported from north of the border.
The office of the U.S. Trade Representative says it will lift the tariffs retroactive to Sept. 1 because it expects Canadian exports to “normalize” over the remainder of the year.
In a statement, the USTR says it will continue to monitor trade in aluminum and reimpose the tariff if levels spike unexpectedly.
The sudden about-face comes just hours before the federal Liberal government was expected to announce a suite of countermeasures in retaliation for the tariffs.