Insight
Reports of an imminent US-Canada trade deal to halve Section 232 tariffs on aluminium
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
News reports suggest that a tentative trade deal between the US and Canada is likely to be formulated shortly following extended negotiations between the two countries. The deal would reduce Section 232 tariffs on primary aluminium and steel from 50% to 25%. Although the outcome of the negotiations has yet to be formalised, the Trump administration will be politically motivated to reduce aluminium tariffs ahead of the highly contested midterm elections in November.
Table of contents
- What happened
- Why Canadian imports to the US matter
- How would a tariff cut play out?
Tables and charts
This report includes the following images and tables:
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US imports of Canadian primary aluminium (HS: 7601)Canadian imports as a share of US primary aluminium demandEvolution of Section 232 tariffs and the US Midwest premium
What's included
This report contains:
