Canada

November 21, 2025
Price on Trade: Changes to USMCA needed to support American steelmaking
Written by Alan Price & Ted Brackemyre
Editor’s note: This is an opinion column. The views in this article are those of experienced trade attorneys on issues of relevance to the current steel market. They do not necessarily reflect those of SMU. We welcome you to share your thoughts as well at info@steelmarketupdate.com.
Starting July 1, 2026, the United States-Mexico-Canada Agreement (USMCA) will formally begin its joint review process. As those negotiations approach, there has been a lot of chatter from the Canadian and Mexican steel sectors about the need for a unified North American steel market. In particular, the Canadian and Mexican industries are angling for a renegotiated USMCA that removes Section 232 duties on steel imports from Canada and Mexico into the United States. It is clear to us why Canadian and Mexican steel producers would want to be excluded from Section 232, as Canada and Mexico benefited greatly from their prior exclusion from these duties. It is also clear that any agreement to once again exclude Canadian and Mexican steel imports from the Section 232 program would be damaging for the American steel industry.
Alan Price
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