The Section 232 tariff applied to US aluminium imports from Canada, where Rio Tinto has a large aluminium smelting presence, was removed just 40 days after the reintroduction of the duty was announced in early August.
Although the tariff has been lifted, a quota system has been implemented
for Canadian imports into the United States.
“This is a positive step; I think it will ensure that the North American aluminium supply chain remains strong in the face of wider grave challenges in global conditions in the industry," Barrios said at the Fastmarkets International Aluminium Conference on Tuesday September 22.
Barrios added that the lifting of the tariff has helped instill economic confidence in an uncertain market.
“The impact we see from tariffs is they undermine the market confidence in having...