Alcoa Requests Reprieve From Trump’s Aluminum Tariffs [The New York Times]
Alcoa Corporation (AA)
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Source: The New York Times
Image Alcoa has asked the Commerce Department for an exemption from the administration’s aluminum tariffs. The company imports some aluminum from its Canadian facilities. Credit Gene J. Puskar/Associated Press Aug. 6, 2018 Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them. __________ Alcoa would seem to be in prime position to benefit from President Trump’s aluminum tariffs. The 130-year-old American aluminum producer has in recent years faced stiff competition from overseas. But on Monday, Alcoa asked the administration for an exemption from the 10 percent tariffs. The reason: The company imports much of its aluminum from its facilities in Canada, which is among the countries subject to Mr. Trump’s metals tariffs. The Commerce Department imposed tariffs on steel and aluminum earlier this year, saying that imports of foreign metals were degrading the “industrial base” and threatened nati
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