Aluminum giant sounds alarm over Trump's new tariff threat, outlines where higher prices will be felt [FOX Business Network]
Alcoa Corporation (AA)
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Source: FOX Business Network
The CEO of an aluminum giant warned FOX Business viewers that President Donald Trump's imminent 50% tariffs on steel and aluminum imports could soon give Americans a spell of sticker shock when shopping for certain items. "A 50% tariff will increase the price of aluminum across the board. It happens nearly immediately," Alcoa CEO Bill Oplinger told Lauren Simonetti on Tuesday. Alcoa owns two of the four smelters in the U.S. and relies heavily on aluminum imports from Canada. The company is seeking an exemption from Trump's tariffs. "[Higher aluminum prices will] get reflected in higher prices in our customers' products. Whether that's cars, beer cans, [the tariffs] will get reflected as a higher price." While Oplinger said it's "hard to say" whether consumers can handle the jump, he added that Alcoa imports 85% of its aluminum from outside the U.S. When asked if he was "worried" about the 50% tariff going into effect on Wednesday morning, he said, "We're running a global co
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News
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- Alcoa (NYSE:AA) had its price target raised by analysts at JPMorgan Chase & Co. from $35.00 to $45.00. They now have a "neutral" rating on the stock.MarketBeat
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Earnings
- 10/22/25 - Beat
AA
Sec Filings
- 11/25/25 - Form 8-K
- 11/14/25 - Form SCHEDULE
- 10/28/25 - Form 10-Q
- AA's page on the SEC website