The Canadian Ministry of Finance has granted exemptions on certain aluminium products from both countries. These products are primarily used in sectors such as public health, national security, manufacturing, agriculture and food packaging. Finance Minister François-Philippe Champagne stated that the remission process is designed to assist downstream sectors facing exceptional circumstances. He emphasised that these specific products are essential for maintaining supply chains and will have minimal impact on the overall collection of counter-tariffs.
Also read: US aluminium imports slip 2% in H1 2025 amid tariffs and softer demand
This initiative reflects Canada's efforts to mitigate the economic strain caused by retaliatory tariffs imposed by the US and China. Prime Minister Mark Carney is actively engaging with US President Donald Trump to negotiate the removal of US tariffs on Canadian steel and aluminium. Additionally, discussions are ongoing with Chinese officials to address tariffs affecting Canadian agricultural exports.
The Canadian government's decision to roll back certain retaliatory tariffs underscores its commitment to protecting domestic industries while seeking resolution in international trade disputes.
