Canada PM makes case for more cooperation with US on aluminum, autos
The remarks come head of the joint review of the US-Mexico-Canada Agreement, which replaced NAFTA, on July 1.
The remarks come head of the joint review of the US-Mexico-Canada Agreement, which replaced NAFTA, on July 1.
US Commerce Secretary Howard Lutnick said the US should pursue separate, bilateral trade negotiations with Canada and Mexico instead of renewing the US-Mexico-Canada Agreement (USMCA).
The US has released new procedures allowing steel and aluminum producers in Canada and Mexico to qualify for reduced Section 232 tariffs. But only if they commit to building new production in the US.
Aluminum executives say geopolitical tensions are reshaping logistics and trade flows, but demand remains stable as the supply chain adapts to ongoing disruptions.
Markets were all over the map last week. But once again, it was energy that commanded the most attention.
Dynacast's acquisition of Platinadora Baja expands its North American footprint, reinforcing regional die-casting capacity amid ongoing supply chain realignment.
Hyundai Translead plans its first US trailer plants as production declines and trade cases on imports and tariffs move forward.
The US International Trade Commission issued an affirmative preliminary determination that imports of van-type trailers and subassemblies from Canada, China and Mexico are materially injuring the domestic industry, advancing the AD/CVD investigations while scope and product disputes continue.
The organization is urging the US government to use the United States-Mexico-Canada Agreement to stop unfairly subsidized Chinese aluminum from entering the market.
The outcome of the investigation by the DOC and ITC would shape the competitive landscape and the structure of the US trailer supply chain for years to come.