US EditionOttawa talking to metals giant Rio Tinto about cash flow help amid U.S. tariffs
- Earlier this week, Industry Minister Mélanie Joly said Ottawa is discussing cash flow support with Rio Tinto amid US tariffs doubling to 50%.
- Following U.S. President Donald Trump doubling steel and aluminum tariffs to 50% last month, Ottawa began talks with Rio Tinto, prompted by the trade escalation.
- Rio Tinto employs 4,000 in Saguenay–Lac-Saint-Jean and plans a $1.4 billion aluminum smelter, emphasizing regional economic importance.
- Canada will respond by July 21 as Prime Minister Mark Carney and Quebec Premier François Legault prepare to announce sector support, amid ongoing talks with Rio Tinto over US tariff impacts.
- Joly added that the government is open to discussing liquidity support for green projects like carbon-free smelting at Arvida, calling tariffs 'completely unjustified' and ready to help.
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35 Articles
Prince George Citizen
Ottawa talking to metals giant Rio Tinto about liquidity help amid U.S. tariffs
OTTAWA — Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with liquidity problems caused by the United States' global steel and aluminum tariffs.
Government talking to metals giant Rio Tinto about cash flow help amid U.S. tariffs
Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow problems caused by the United States' global steel and aluminum tariffs.
Ottawa Talking to Metals Giant Rio Tinto About Cash Flow Help Amid U.S. Tariffs
Industry Minister Mélanie Joly says the federal government is talking to mining and metals giant Rio Tinto about helping the company with cash flow problems caused by the United States’ global steel and aluminum tariffs. During a visit to Saguenay, Que., on Thursday to meet with businesses in the province’s critical aluminum sector, Joly told reporters in French that Ottawa had started talks with the firm earlier this week. A spokesperson for th…
The 50% U.S. steel and aluminum tariffs hurt companies on this side of the border.
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