As 'America First' turns to steel, Canada looks to duck trump ax

Canada, the top steel and aluminum exporter to the US, is hopeful of being left out of a Trump administration crackdown on foreign shipments. While the US Commerce Department didn’t recommend giving its northern neighbor a pass when it outlined possible tariffs and quotas on Friday, it did acknowledge Canada’s importance to the US aluminum industry. Canada accounts for about half of the US’s almost five-million-metric-ton aluminum deficit, and domestic smelters couldn’t fill that kind of void quickly, ING Bank strategist Oliver Nugent wrote in a note to clients Monday.