It was reported that the US canceled Section 232 10% tariff on Canadian imports of aluminum.
According to statistics, Rio Tinto's aluminum production in Canada last year was 1.88 million tons, and Alcoa's North American business capacity was 1.67 million tons. In addition, the cancellation of tariffs also helped Tesla save battery production costs.
The WTO also announced this month that the proceedings between the US, Mexico and Canada regarding the 232 tariff have ended. This move boosted the profits of Canadian businesses such as Rio Tinto and Alcoa.
US exempts Canada from importing aluminum tariffs
26 Jul 2019 14:38 reported by Felix
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