A U.S. tariff on Canadian imports would undermine America's industrial competitiveness by increasing the cost of aluminum by $1.5 billion to $2 billion a year, Alcoa's chief executive said.

Howmet Aerospace (NYSE: HWM) uses aluminum in the engine systems, body structures and wheel systems of its airplanes ... The American firm Alcoa (NYSE: AA) produces more than 20% of the world ...

Steel and aluminum stocks surged premarket Monday after Trump announced plans to reintroduce 25% tariffs on imported metals. U.S. Census Bureau: $11.2B in steel imports from Canada, $6.5B from ...

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The stock price of aluminum producer Alcoa also rose 2.7%. US steel and aluminum imports reached $109.5 billion in 2023, mainly from Canada, China, and Mexico, three countries Trump has threatened ...

Pre-Market: 7:44:36 a.m. EST ...

Commodity prices climbed and related currencies softened against the dollar on Monday after President Donald Trump said he would impose 25% tariffs on all steel and aluminum entering the US.

Canada is also a major supplier of aluminum to the United States, followed distantly by the United Arab Emirates, Russia and China. Mr. Trump’s decision to impose tariffs on metals is not new.

Copyright 2025 The Associated Press. All Rights Reserved. President Donald Trump says he’ll announce on Monday that the United States will impose 25% tariffs on all ...