Canada drops counter-tariffs threat after US nixes aluminum levy

Washington (AFP) – Canada and the United States on Tuesday narrowly avoided a trade war, after Washington walked back a 10 percent levy on Canadian aluminum imports and Ottawa dropped its threat of counter-tariffs.The US annouced that its duty-free treatment will be retroactive to September 1.However, the Office of the US Trade Representative (USTR) published a list of expected maximum monthly shipments of aluminum, and warned it will reimpose the tariff if imports exceed those amounts.”After consultations with the Canadian government, the United States has determined that trade in non-alloyed…

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