U.S. blinks in trade dispute with Canada, drops tariffs on Canadian aluminum

 The United States has suddenly called a tariff truce with Canada, lifting its 10 per cent aluminum levy Tuesday just hours before Ottawa was to unleash a suite of countermeasures.

The tariffs on Canadian aluminum will be lifted retroactive to Sept. 1 because Canadian exports are expected to “normalize” over the remainder of the year, the U.S. trade representative’s office said in a statement. Abigail Bimman explains why a trade threat still looms. For more info, please go to https://globalnews.ca/news/7336417/us-standing-down-aluminum-tariffs-canada/

CBC

The United States hit the pause button on tariffs on Canadian aluminum today, agreeing to withdraw current penalties — at least until after the presidential election in November. To read more: http://cbc.ca/1.5724391