US Edition
Value of Canada's Aluminum Exports to the U.S. in Steep Tariff-Induced Decline
CANADA, AUG 8 – Tariffs raised to 50% in June caused Canadian aluminum exports to the U.S. to lose half their value, with exports down $800 million from March, experts say.
- Statistics compiled by an international trade expert show a precipitous decline in the dollar value of Canada’s aluminum exports to the United States, following tariffs imposed by U.S. President Donald Trump.
- Earlier this year, the United States set aluminum tariffs on multiple countries, and statistics show Canadian producers have absorbed some costs while others divert shipments, depressing prices.
- Amid tariff hikes, statistics show Canada’s aluminum exports to the U.S. in 2024 declined significantly, with no specific figures for June or March provided.
- Kitimat Mayor Phil Germuth said no production cutbacks or job losses are predicted, despite the steep tariff-induced decline in exports to the U.S.
- Looking ahead, U.S. downstream users may face a precipitous decline in Canadian aluminum exports, as statistics show Canada’s export value has fallen sharply due to tariffs.
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Total News Sources17
Leaning Left16Leaning Right0Center0Last UpdatedBias Distribution100% Left
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- 100% of the sources lean Left
100% Left
L 100%
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