[Trump says he doesn't care about USMCA - Steel tariff relief hopes take a hit]

Published: Jul 29, 2026 09:38

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Trump told Fox News he's not interested in updating USMCA ("Mexico and Canada need us, we don't need them"), just as Canada and Mexico are pushing hard to get the US's 50% Section 232 steel tariffs lifted in the ongoing USMCA review, a top priority for both countries after steel imports into the US fell nearly 35% YoY in Q1 2026 while domestic steel prices climbed; a third round of US-Mexico talks in Mexico City is still working through steel/aluminum technical issues, but Trump's comments signal Washington has little appetite to budge on the tariffs.

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