Canadian PM cites aluminum prices as trade opportunity
Canadian Prime Minister Mark Carney pointed out that the sharp rise in aluminum prices in the U.S. market, where it increased by 52% over the year due to roughly 50% tariffs imposed, paves the way for concluding a joint trade agreement with the United States. He explained that Canada is leveraging this situation to negotiate deals that achieve mutual gains in the aluminum, steel, and automotive sectors, emphasizing rejection of partial agreements that are not linked to all strategic sectors to protect national interests. These moves come ahead of a meeting between Canadian officials and the U.S. Trade Representative to discuss reducing or eliminating current tariffs, with a focus on Canadian demands regarding restrictions on dairy, cars, and alcoholic products. The negotiations aim to prevent both countries from imposing widespread additional tariffs on their mutual trade exchanges.
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