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Bond Market News
Alcoa Says It Has Already Suffered $20mn Hit Since Tariffs Took Effect
April 17, 2025
The largest aluminum producer in the US, Alcoa Corp, said that President Donald Trump’s 25% tariff on metal imports has already cost the company $20mn since the duties went into effect earlier this month. The company is said to have incurred the costs on imports of aluminum from Canada, which is their largest metal-producing region. Alcoa, said it that it has “engaged with customers, suppliers and logistics companies to avoid supply disruption”. The CEO Bill Oplinger warned investors in February that the metal import duties would put several thousands of US jobs at risk. The update by the company is seen as an example of early indications regarding the impact of tariffs on US companies.
Alcoa’s bonds were trading stable with its 4.125% 2029s at 91.92, yielding 6.48%.
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