[SMM Aluminum Flash News] USMCA Talks Resume as Aluminum and Steel Tariffs Continue to Pressure North America

Published: May 29, 2026 11:46

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Fresh USMCA talks are set to begin as tariffs on aluminum, steel and automobiles continue to create uncertainty across North America. The US currently maintains 50% tariffs on Canadian aluminum and steel imports, while Canada has imposed retaliatory tariffs on US vehicles and about CAD 15.6 billion worth of US steel and aluminum products. Industry groups said the tariffs are increasing costs throughout the integrated North American manufacturing supply chain and affecting investment and hiring decisions. At the same time, the US administration is seeking stricter rules of origin to increase North American manufacturing content. Markets remain concerned that ongoing tariff uncertainty could further disrupt regional aluminum supply chains.

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