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Alcoa says Trump’s tariffs added $115m in aluminum costs

Aluminium production at an Alcoa plant

Photo by Bloomberg

17th July 2025

By: Bloomberg

  

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Alcoa Corp, the largest US aluminum producer, said tariffs on imports from Canada cost it $115-million in the second quarter, showing how US President Donald Trump’s trade agenda has affected the industry.

The company redirected Canadian produced aluminum to customers outside the US to mitigate additional tariff costs, it said Wednesday while reporting earnings that beat analyst estimates.

The latest toll from tariffs is about six times more than in the first quarter when Pittsburgh-based Alcoa said tariffs, which then were 25%, cost it an additional $20-million.

Metal producers are adjusting to the trade tumult after Trump raised those tariffs to 50% in June as part of a push to revive domestic production of the industry. Mining giant Rio Tinto Group revealed Wednesday that its Canada-made aluminum generated costs of more than $300-million in the first half due to the tariffs.

Edited by Bloomberg

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