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.

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