Trump remains committed to tariffs despite the worrisome drop in the stock market and the threat of recession. These 25% tariffs on foreign aluminum, copper, lumber and steel, he defined as essential for national security, because the military, for example, depends on steel.
Meanwhile, Visual Capitalist published a new infographic showing how Canadian aluminum is key to U.S. military readiness, as it is used in everything from aircraft fuselages to shell casings and armor. Currently, about two-thirds of the primary aluminum used by the U.S. comes from Canada, as the country does not have sufficient smelting capacity or the energy to operate them in the short term. Tariffs will jeopardize many of the jobs that currently work with that exported aluminum.
In addition, the Aluminum Association released a new briefing paper highlighting the benefits of Canadian aluminum for U.S. producers and consumers. Canadian aluminum imports represent the energy equivalent of at least four Hoover Dams, and for every job at a Canadian smelter, approximately 13 jobs are generated in the U.S. Domestic aluminum production is a priority, but until the U.S. is self-sufficient, its trade relationship with Canada is good business.
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