Canadian aluminum sector tariff shocks

Item content

As Donald Trump leadership continues to threaten a barrier of new tariffs, some industrial leaders in Canada are ready to accept the worst scenario on the last purpose: Canadian economy.

Item content

Item content

Currently, Trump, Canada Aluminum and additional 10 percent in April on Wednesday, but the situation has changed almost daily. Tariffs have been corrected more than once or otherwise and the rumors are usually stopped before formal ads.

Item content

Chief Executive CEO of the Canadian Aluminum Association, long-standing tariffs related to border issues such as illegal drugs and migrant passage, or tariffs are a tool to bring to a new free trade agreement in Mexico and Canada.

Instead, the economic lens is more simple and basic: create uncertainty in Canada.

“It’s on me,” he said on Monday. “This is the main goal: cultivate uncertainty to make the only safe port to invest in the United States. It is terrible.”

The simdar said that for years can be “freedom” for years for tariffs, and duty-free access to the United States, which determines the economic growth of Canada for decades.

So far, several Canada goods have actually faced tariffs, and tariffs entered into force from the United States were quickly removed or delayed. However, delays and threats added an uncertainty that everyone’s conservative leader Pierievre Governor Tiff Macklem said that everyone’s conservative leader Pierievre, said it will be invested.

Item content

Item content

For example, Aluminum, Trump’s first fare was expected to be faced in the beginning of the universal tariffs in early February. These tariffs were postponed for 30 days until March 4, and then remained in force and then lifted during the hours, but until April 2.

The original order of tariffs has been critical minerals, including energy-related critical minerals, but a kirview that has reduced the tariffs of critical minerals, but is likely to receive a 25 percent of the tariff tariffs on Wednesday.

Trump also threatens mutual tariffs in April in April, which is also exported to the United States, general sales tax and other country exports, general sales taxes and other taxes or tariffs.

Simard, many tariffs are designed to return us to the production work, but it is not a rational result in many cases.

For example, the United States has produced 700,000 tons of aluminum every year, but has imported about 4.3 million tons. It depends on the electricity that produces aluminum. With the analysis of the group, US aluminum production consumes as much electricity as a year, like a year – about 10,000 megawatt.

Item content

Canadian Exported about 2.7 million tons The United States, about four Hoover mountain ‘equivalent of electricity.

To simplify How much electricity, Simard, Las Vegas and Reno, in casinos, including bright lights and slot machines, including bright lights and slot machines, they need to think that all electricity used is the equivalent of all electricity equivalent.

“This is the equivalent of all electricity consumption of Nevada in a year, at least,” he said.

There is no enough reserve power to strengthen the number of aluminum spots, aluminum spots, the number of aluminum spots needed to meet domestic demand. Data centers are also competing for those available.

This means that aluminum simply will cost more in the United States, and these tariffs will be universal, because it will affect the whole sector.

The US trade group, which represents aluminum manufacturers and consumers, requires non-target access to Canadian aluminum.

“It has been 45 years since the United States A new primary aluminum pampered“President of the Aluminum Association in the United States Charles Johnson said he was in a Linkedin post in early February.

Item content

The group, in the last term of Trump, has applied a 10 percent tariff to the Canadian aluminum, which did not cause new spots. Nevertheless, $ 10 billion in investment in the Aluminum Industry of the United States.

Tariffs can help you stimulate investment in a new area if combined with investment in an energy source. However, Johnson said he would get “for years” before the United States.

“Therefore, we need a movement from the White House and a safe source of metal from Canada to support the work and investment in today.”

Johnson added that China, Russia and other “non-market economy” often send the metal from another country to send innocent metals to the global market, the steering wheel around the tariffs

FIARD said the United States needs Canadian aluminum, but cannot rule out the possibility of tariffs.

“It just continues so uncertainty,” he said. “Play with markets, they see how they react. This is what we work.”

• Email: gfriedman@postmedia.com

Mark our website and support our journalism: Don’t miss the job news you need to know – Add to financialPost.com. Write to your newsletters here and register for our ballots.

Item content