Quebec aluminum towns aren’t feeling the sting of 25 per cent U.S. tariffs
Quebec aluminum towns aren’t feeling the sting of 25 per cent U.S. tariffs
Quebec is the continent's biggest producer of aluminum, with 30,000 people employed in the sector.
Trump doesn't seem to understand that you can't just uproot an entire industry and relocate it someplace else overnight. So really, the only choice aluminum-dependent industries have short-term is to pay the damn tariff and keep on importing. Ironically, Canada itself has to pay the tariff too because most canning plants are in the US, and we're no more able to ramp up canning here than the US can ramp up aluminum refining. Changes like that take significant time and financial investment.
He doesn't understand much of anything at all.
I don't remember where but i've read a interview with a ceo saying it will take them at least 4 years to make the change they need to stop using canadian aluminum
I’d imagine there’s also a monetary reason they didn’t in the first place too. I’m not sure if it was cheaper to just import from Canada or what, but I’d imagine things will be a lot more expensive for Americans even once things are all worked out (in the unlikely scenario the US ever even returns to being a stable country which seems unlikely at this point)
Pretty much any of the changes Trump supposedly wants to effect with these tariffs would take somewhere in the region of 4-10 years to execute.
Which is why they simply won't. Why invest in that at all when their assumption is that the tariffs will be done by then, because they'll just make sure a less stupid, more compliant president gets elected?
The whole plan is idiotic and self defeating, plain and simple.
Denis Miousse, mayor of Sept-Îles in the Côte-Nord region, says he isn’t expecting job losses because Aluminerie Alouette, a major aluminum producer based in the town, can easily pivot its exports to Asia from the U.S.
That's some pleasant and uplifting news :)
rest of the world market is much bigger than US. focus on rest of the world market.
The US has 4.2% of the world population. We can all just keep trading as we please. The US can buy from us if they want to pay the tariffs, or not, doesn't really matter in the long run.
Good. They don't deserve it.