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Alcoa Says Trump Tariff Added USD115M in Aluminum Costs

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2025-11-11
     Alcoa Corp., the largest U.S. aluminum producer, reported that tariffs on Canadian aluminum imports increased its second-quarter costs by USD115 million, highlighting the impact of President Trump’s trade policies. To mitigate these costs, the company redirected Canadian aluminum sales outside the U.S. With steel and aluminum tariffs raised from 25% in March to 50% in June, metal producers face trade disruptions created by the administration’s efforts to revive domestic production. Alcoa’s tariff costs in Q2 were about 6 times higher than in Q1. Mining giant Rio Tinto Group also revealed that tariffs on its Canada-made aluminum added over USD300 million in costs during the first half of the year. CEO William Oplinger said Alcoa has engaged extensively with governments, including direct talks with Trump’s team, but warned that U.S. customers ultimately bear the tariff burden. He noted aluminum prices in the U.S. are significantly higher than anywhere else worldwide, increasing costs for customers.
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