The next round of trade tariffs may be on aluminum and the target would be Canada.

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The Trump administration is reportedly considering reinstituting tariffs on aluminum imports from Canada, according to Bloomberg.

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That announcement could come by the end of the week.

The U.S. will impose a 10 percent tariff unless Canada imposes export restrictions on aluminum.

The tariffs will go into effect July 1, according to the people who spoke to Bloomberg.

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FOX Business has requested comment from the USTR.

The timing of an announcement would come days before the July 1 date of the new U.S.-Mexico-Canada trade deal.

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American aluminum producers have seen demand fall and prices drop during the coronavirus pandemic.

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https://www.foxbusiness.com/markets/us-set-to-announce-aluminum-tariffs-on-canada-by-end-of-week

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