this post was submitted on 03 Feb 2025
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Canada to divert aluminum to Europe in response to Trump tariffs - National | Globalnews.ca (globalnews.ca)
submitted 1 day ago by breakfastmtn to c/canada
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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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[–] [email protected] 2 points 1 day ago (1 children)

Isolated economies perform worse in the long run

Isn't this a somewhat flawed statement if you consider a long enough timeline? Not saying you're wrong, just that history keeps happening.

[–] Sturgist 2 points 1 day ago (2 children)

Point to one truly isolated economy that's doing well.

[–] [email protected] 2 points 6 hours ago (1 children)

Well I can't, but my point is actually having the opposite perspective: that even a well integrated world economy will eventually experience truly awful times, and, eventually, collapse. I didn't mean to suggest isolationism was inherently better, apologies for any ambiguous wording.

[–] Sturgist 3 points 6 hours ago (1 children)

No worries. I just wanted to point out that regardless of how insular a country is, there's always something they're importing or exporting. Even North Korea is the world's hub for counterfeit everything.

[–] [email protected] 2 points 6 hours ago

πŸ’― not even island nations are islands.

[–] [email protected] 3 points 1 day ago (1 children)

I hear North Korea is doing great.

[–] Sturgist 1 points 1 day ago

Their deals with Russia should give their oligarchy a tidy little boost πŸ‘