Washington D.C. – National Foreign Trade Council (NFTC) President Rufus Yerxa issued the following statement today following the President’s announcement that he will be re-imposing tariffs on Canadian aluminum:
“This is a misguided action and I urge the Administration to reconsider. It was taken without meaningful justification or investigation and will undoubtedly hurt more U.S. manufacturers than it helps, especially in the middle of an economic downturn.
“These tariffs undermine the new USMCA agreement. We should not be imposing unilateral tariffs so quickly after its entry into force. Canada is our largest trading partner and one of our closest allies and this move will only hurt the relationship.”