The Canadian federal government is in talks with Rio Tinto to provide support due to cash flow challenges stemming from U.S. tariffs on aluminum and steel, which were recently raised to 50 percent. Canada, as the largest exporter of both metals to the U.S., is responding by planning counter-tariffs by a July deadline set by Prime Minister Mark Carney. Quebec Premier Francois Legault has announced a separate energy deal involving Aluminerie Alouette that includes significant investment and job security for the region.
Industry Minister Melanie Joly confirmed that talks are ongoing between the federal government and Rio Tinto regarding financial support due to U.S. tariffs on steel and aluminum.
The U.S. has implemented tariffs of 50 percent on imported steel and aluminum, prompting Canada, as the leading exporter, to consider counter-tariffs by July 21.
Prime Minister Mark Carney indicated that Canada will make adjustments to its counter-tariffs in response to discussions held with President Trump at the G7 summit.
Quebec Premier Francois Legault recently announced an energy supply deal benefiting Aluminerie Alouette, which involves a significant investment to modernize operations and secure jobs.
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