AMU: Canada tightens trade policy on tariff tensions
The moves include reciprocal procurement restrictions, import quotas, and the formation of stakeholder task forces for aluminum industries.
The moves include reciprocal procurement restrictions, import quotas, and the formation of stakeholder task forces for aluminum industries.
Some aluminum parts are being replaced by steel. And more manufacturers are salvaging what they can before sending vehicles to recyclers.
Just when we thought we’d get a breather from tariffs news, we’re back in the thick of it.
Operational results painted a picture of a company that produced more aluminum but shipped less of it as a result of tariffs and timing mismatches.
A counterintuitive aspect of the 25% tariffs on autos is these percentages are measured in value, not by weight or part count. That means a few costly imported parts can outweigh dozens of cheaper local ones – and vice versa.