North America’s aluminum industry and buyers are scrambling to figure out how business will be affected after US President Donald Trump imposed import duties on Canadian and Mexican supplies.
A key uncertainty is whether raw aluminum and related products incur a 25% tariff or if they get a more favorable 10% treatment for being a critical mineral. The US Commerce Department didn’t immediately respond to a request for comment.
“No one knows,” Anton Posner, chief executive officer of logistics services provider Mercury Resources, said in a phone interview. “We’re dealing with government administration and trade negations by Truth Social, and therefore how can anyone strategize, plan or effectively react?”
Raw aluminum imports would be subject to a 10% tariff if the administration goes by the US Geological Survey’s designation of the metal as one of 50 minerals critical to the economy…
