When the previous round of American steel and aluminum tariffs ended, the joint statement issued by Canada and the U.S. laid out conditions under which tariffs could "snap back," or re-apply. In other words, no politically-damaging Canadian tariffs on Kentucky bourbon or Florida orange juice next time. Canadian aluminum is geographically convenient and produced in cost-efficient mills, so in theory, the new NAFTA should be a growth opportunity. "These bandits would tax their own military to buy the votes of morons in an election year," Volpe said, referring to the wide use of Canadian aluminum in U.S. defence procurement. "But we firmly believe that Canadian aluminum exports to the U.S. aren't hurting the U.S. market in any way."

Source: CBC News June 24, 2020 07:52 UTC