Updated
Updated · Waste Dive · Jul 16
US 50% Metal Tariffs Lift Can Costs as Iran Conflict and USMCA Uncertainty Jolt Plastics
Updated
Updated · Waste Dive · Jul 16

US 50% Metal Tariffs Lift Can Costs as Iran Conflict and USMCA Uncertainty Jolt Plastics

3 articles · Updated · Waste Dive · Jul 16

Summary

  • Section 232 tariffs raised to 50% in 2025 are pushing up U.S. canmaking costs, with beverage prices up 2% to 3% since June 2025 and canned fruits and vegetables up about 5%.
  • Canadian aluminum suppliers are redirecting sales to Europe, forcing U.S. buyers to source more from the Gulf region, which supplied 21% of primary aluminum imports in 2025 as tinplate steel remains heavily import-dependent.
  • Plastic markets have seen milder but uneven tariff effects: U.S. imports of Chinese plastic packaging fell 7.2% in January-May, while proposed 10% to 12.5% tariffs on goods from about 60 countries add planning uncertainty.
  • Iran-linked disruptions have whipsawed commodities, with resin prices rising about 6% in April and 14% in May, while aluminum prices fell recently on ceasefire hopes but could rebound if tensions worsen.
  • USMCA uncertainty adds another layer for both sectors after Washington said this month it would not renew the pact in its current form, though industry speakers said a rewrite could strengthen North American trade against Chinese overcapacity.

Insights

With USMCA's future uncertain, is North America losing its competitive edge to Asia's powerful RCEP trading bloc?
Are U.S. tariffs a necessary shield for industry or an inflationary burden on American families?