this post was submitted on 03 Feb 2025
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The cost of aluminum for consumers in Europe buying on the physical market has dropped due to expectations that Canadian shipments under U.S. tariffs from Tuesday will be diverted, physical market traders said.

. . .

The U.S. is a major importer of aluminum used widely in the transport, packaging and construction industries, shipping in 5.46 million metric tons of aluminum products in 2023, according the U.S. Commerce Department.

According to the Commerce Department, Canada accounted for 3.08 million tons or 56 per centof aluminum product imports to the United States for domestic consumption in 2023, the latest full year data available.

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[–] Arkouda@lemmy.ca 62 points 2 days ago (28 children)

It is things like this that make me worry less about Trumps impact on Canada.

We aren't trading with others because we had a stable trading partner beside us, and other markets would love to have those resources. That partner being unstable now forcing us to diversify our trade is a net positive long term because being that reliant on another country is not sustainable.

Personally I think we should be moving to a more isolated economy with focus on increased production considering global issues and the sheer volume of natural resources Canada has, but diversifying trade is better than nothing and can still lead to a more self reliant Canada.

We also need to beef up our military capacity yesterday, because I doubt Trump stops when economic force doesn't work.

[–] fourish@lemmy.world 2 points 10 hours ago (1 children)

I’d love a stronger partnership with Mexico too. Their food is awesome and culturally they’re more interesting than the US. Shame the US is in the way actually.

Maybe Canada and/or Mexico could annex the west coast after the US collapses? πŸ‘‰πŸ‘ˆ

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