This is the best tl;dr I could make, original reduced by 67%. (I’m a bot)
In a statement, U.S. Trade Representative Robert Lighthizer cited “Consultations” with Canadian officials and an expectation that trading of aluminum is likely to balance out in the months ahead, as why the Americans decided to withdraw what Prime Minister Justin Trudeau has called “Unjust” tariffs.
Trump imposed the 10 per cent tariff on raw aluminum from Canada on Aug. 16 under Section 232 of the U.S. Trade Expansion Act, which states the imports pose a threat to American national security, amid condemnation from aluminum organizations on both sides of the border.
As soon as Trump said the new tariffs were coming, Canadian officials said they planned to hit back with $3.6 billion in dollar-for-dollar retaliatory countermeasures once the industry was consulted on a broad list of potential products to slap tariffs on.
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