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U.S. Signals New Trade Blow With Metal Tariff Proposals [Bloomberg Business News]

ALCOA (AA)  More Company Research Source: Bloomberg Business News
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF The U.S. Commerce Department revealed its recommendations that the U.S. impose tariffs or quotas on imports of aluminum and steel, in the strongest indication yet the administration intends to see through its protectionist agenda. Commerce “found that the quantities and circumstances of steel and aluminum imports threaten to impair the national security,” Secretary Wilbur Ross said Friday. The news spurred gains in metal prices as well shares in Alcoa Corp., Century Aluminum Co. and U.S. Steel Corp. An increase in tariffs could impact consumer prices of everything from from beer cans to cars. The recommendations were sent last month to President Donald Trump, who just this week said he was considering tariffs and quotas to protect American industry from the dumping of metals. Beverage companies and carmakers have joined some lawmakers from Trump’s own Republican party in opposing tariffs, saying they would threaten U.S. manufacturing jobs. Stocks of Ford Motor Co. and Gener [Read more]

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