Canada Extends Aluminum Quota Tariffs Until June 2027, Affecting Alcoa
US tariffs on Canadian aluminum remain high, up to 50% for volumes above quotas, squeezing producers. Canada extended steel and aluminum quota arrangements for non-CUSMA nations until June 2027, keeping the pressure in place. If quotas are exceeded, costs could jump and hurt competitiveness, with risks for jobs and investment. If tariffs fall from 50% to 25%, Deutsche Bank estimates Alcoa’s EBITDA could rise about 3%, though volatility continues.