Canadian Prime Minister Mark Carney said that most of the tariffs imposed by Trump on imported aluminum are borne by American buyers, and added that there is a possibility of reaching a “win-win” trade agreement, but only if the two countries can comprehensively resolve the aluminum industry issues in the context of a broader trade war. Carney told reporters outside a Rio Tinto Group aluminum smelter in Quebec that US aluminum prices have risen sharply since Trump imposed a 50% tariff on imported aluminum in June last year. The producer price index for aluminum increased by 52% between June 2025 and June 2026.

Canadian Prime Minister Mark Carney said that most of the tariffs imposed by Trump on imported aluminum are borne by American buyers, and added that there is a possibility of reaching a “win-win” trade agreement, but only if the two countries can comprehensively resolve the aluminum industry issues in the context of a broader trade war. Carney told reporters outside a Rio Tinto Group aluminum smelter in Quebec that US aluminum prices have risen sharply since Trump imposed a 50% tariff on imported aluminum in June last year. The producer price index for aluminum increased by 52% between June 2025 and June 2026.