U.S. Aluminum Imports From Canada Fall Short Of Levels That Would Trigger Tariffs
As S&P Global Platts reported, according to data from the U.S. International Trade Commission, imports of Canadian aluminum into the United States declined 48.7 percent from August 2020 to September 2020 and 52.5 percent from September 2019 to September 2020, thereby “falling short of quota levels recently imposed by President Donald Trump that could trigger tariffs if exceeded.”
As Connecting the Dots reported last week, in a proclamation lifting 10 percent Section 232 tariffs on Canadian aluminum imports, President Donald Trump had said he would reimpose the penalties if imports exceed specific volume levels set for each respective month from September to December. The quotas currently stand at 70,000 metric tons (mt) for October, 83,000 mt for November, and 70,000 mt for December.
As Connecting the Dots has continued to report, the Metals Service Center Institute (MSCI) has opposed Section 232 tariffs on steel and aluminum products from Canada and Mexico since the very outset of the Trump administration’s investigation into this matter. Click here for more information from MSCI on this important trade policy matter.