The Manila Times

US reimposes 10% tariff on aluminum from Canada

- XINHUA

WASHINGTON, D. C.: US President Donald Trump said Thursday ( Friday in Manila) that he has decided to re- impose a 10- percent tariff on certain aluminum imports from Canada, according to a newly released presidenti­al proclamati­on.

The 10- percent tariff, which will affect non-alloyed unwrought aluminum articles, takes effect on Aug. 16, the proclamati­on read. The Trump administra­tion has suspended 10-percent tariffs on aluminum imports from Canada more than a year ago.

The announceme­nt, which came just a little over a month after the US- Mexico- Canada Agreement (USMCA) entered into force, could upset one of its most important trading partners.

"These tariffs will raise costs for American manufactur­ers, are opposed by most U. S. aluminum producers, and will draw retaliatio­n against US exports — just as they did before," Myron Brilliant, the US Chamber of Commerce's executive vice president and head for internatio­nal affairs, said in a statement.

"We urge the administra­tion to reconsider this move," Brilliant said.

Imports of non- alloyed unwrought aluminum from Canada during June 2019 through May 2020 increased 87 percent compared to the prior twelvemont­h period and exceeded the volume of any full calendar year in the previous decade, the proclamati­on noted.

Canada is the largest source of US imports of non- alloyed unwrought aluminum, accounting for nearly two- thirds of total imports of these articles from all countries in 2019 and approximat­ely 75 percent of total imports in the first five months of 2020, the proclamati­on continued.

To address the "threatened impairment" to U.S. national security, the president said he has determined "it is necessary and appropriat­e" to re-impose the 10-percent tariff on imports of non-alloyed unwrought aluminum articles from Canada, "commensura­te with the tariff imposed on such articles imported from most countries."

Amid strong opposition, the Trump administra­tion unilateral­ly imposed a 25- percent tariff on steel imports and 10- percent tariff on aluminum imports globally in 2018, citing national security concerns.

In May 2019, Trump removed the tariffs on Canada and Mexico, in hope of the USMCA ratificati­on.

Newspapers in English

Newspapers from Philippines