Canada aluminum tariff, lifting its 10 per cent aluminum.

The United States has suddenly called a tariff truce with Canada, lifting its 10 per cent aluminum levy Tuesday just hours before Ottawa was to unleash a suite of countermeasures.

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The tariffs on Canadian aluminum will be lifted retroactive to Sept. 1 because Canadian exports are expected to “normalize” over the remainder of the year, the U.S. trade representative’s office said in a statement.

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The news came as Deputy Prime Minister Chrystia Freeland and International Trade Minister Mary Ng prepared to unveil a list of U.S. aluminum products and manufactured goods Canada had singled out for reciprocal treatment later Tuesday.

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Average monthly imports from Canada are expected to decline by 50 per cent from the levels they reached in the first six months of the year, the USTR said.

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