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Canada first is the last thing U.S. aluminum smelters need, tariffs could return

Canada 408 Materials - Metals/Mining 602 Metals - Aluminum 187 Mexico 681 Tariffs 1575 U.S. 4295 USMCA 418

The American Primary Aluminum Association has complained that an exemption from tariffs granted to Canada is “destroying what remains of the U.S. industry”. The exemption from section 232 duties was granted as part of U.S.-Mexico-Canada Agreement negotiations in 2019 and may be hard to withdraw as USMCA comes into force from July 1. The APAA’s concerns are borne out by the data. Utilization rates in the U.S. aluminum industry dropped to 72.9% in Q4’19 from 78.4% in Q3 while U.S. imports of aluminum from Canada surged by 58.8% year over year in tonnage terms in March. That made Canada the...

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