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IB HL Economics: International Economics IA
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IB HL Economics International Economics Internal Assessment. Received a level 6 by IB exam board. Title of Article: Trump Imposes 10% tariffs on Canadian Aluminum
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Candidate code: jkj004INTERNATIONAL BACCALAUREATE ECONOMICS
INTERNAL ASSESSMENT COMMENTARY
Source of Article: CTV News
Title of Article: Trump Imposes 10% tariffs on Canadian
Aluminum
Date Article Published: 10/12/2020
Date Commentary Written:
Word count: 749
Commentary number: 3
Area (s) of syllabus: International Economics
1
, Candidate code: jkj004
TORONTO -- U.S. President Donald Trump's 10% tariff on Canadian aluminum imports takes
effect today, despite Canada's plan to hit back with $3.6 billion in countermeasures. The U.S.
administration announced the new tariff on Aug. 6 as aluminum organizations on both sides of the
border condemned the move.
In announcing the new trade action, Trump claimed that the American aluminum business has been
"decimated" by Canada, calling it "very unfair" and accusing Canadian producers of flooding the
U.S. with exports. Canadian and American aluminum groups have disputed that assertion, and
other business groups have stated the tariffs will hurt businesses in both countries.
Within hours of Trump’s announcement, Deputy Prime Minister Chrystia Freeland said Canada
plans to impose $3.6 billion in countermeasures on a "broad and extensive list" of aluminum
products. She announced Aug. 7 that the federal government will consult industry with on a long
list of American products that they are looking to level, in what will be a dollar-for-dollar response,
although no further action has been announced.
Canadian officials had indications that this move was coming, and preparations have been
underway for at least a month. Freeland said the "perfectly reciprocal" tariffs will take the exact
same approach as the federal government took in 2018 when Trump hit Canada with steel and
aluminum tariffs during negotiations for the new NAFTA deal.
Freeland called Trump’s tariffs "unnecessary, unwarranted and entirely unacceptable," and said
they are the "last thing anyone needs" right now given the current state of the economy amid
COVID-19.
The tariffs on unprocessed aluminum imports from Canada are being levelled under Section 232
of the U.S. Trade Expansion Act, which states the imports pose a threat to American national
security.
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