Rio Tinto’s aluminum works in British Columbia, Canada. Image: Rio Tinto
Canada has discussed offering financial support to large aluminum producers like Rio Tinto impacted by a US-led trade war, in the event that Washington’s 50% tariff on imports of the metal persist in the medium term, the CEO of a key industry trade group said on Saturday.
Aluminium Association of Canada CEO Jean Simard told Reuters in an interview that the early talks could help the sector in the event that Ottawa is unable to reach a planned deal with its key trading partner by July 21.
“It’s part of a larger discussion where everything is on the table,” Simard said, adding that no decision has been reached.
Canada recently canceled a digital service tax on US technology companies in order to preserve trade talks with US President Donald Trump, but another irritant remains in the ongoing negotiations.
While the…
