Alcoa Says Higher Aluminum Tariffs Are Good For Customers -- Market Talk

Dow Jones04-19

1214 ET - Alcoa is liking the look of potential higher tariffs on Chinese aluminum. CEO William Oplinger says on a call with analysts that the company expects greater protectionism to benefit its North American customers, and the company is in favor of anything that's positive for customers. President Biden this week called for increasing levies on Chinese steel and aluminum imports to 25% from 7.5%. Oplinger adds the caveat that the tariffs in question would affect a small segment of the aluminum that's used. Shares slip 0.7% to $35.31. (ben.glickman@wsj.com; @benglickman)

(END) Dow Jones Newswires

April 18, 2024 12:14 ET (16:14 GMT)

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