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Canada to Fire Back If Hit With U.S. Steel and Aluminum Tariffs

  • Rio Tinto vows to keep pushing for Canada aluminum exemption
  • U.S. has ‘just initiated an all-out trade war’: aluminum group
Bloomberg business news
Trump Says U.S. Will Slap Tariffs on Steel, Aluminum
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Canada is vowing to retaliate if U.S. President Donald Trump makes good on his pledge to impose steep tariffs on steel and aluminum producers -- while holding out hope that it could be exempt.

Trump said he intends to slap a 25 percent duty on steel imports and 10 percent on aluminum in order to protect the national industry, though details remain unclear. His words sent U.S.-based producers rallying but could hurt companies that ship steel and aluminum from Canada, including Rio Tinto Group and Stelco Holdings Inc., without an exemption.