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.

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 ...

President Trump on Monday signed proclamations to bolster tariffs on all steel and aluminum imports into the United States and crack down on attempts by China and Russia to evade penalties.

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

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.

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.