America's Top Aluminum Maker Is Getting Hit by U.S. Tariffs

The video discusses Alcoa's lowered 2018 profit forecast due to tariffs on aluminum imports, increased energy costs, and operational impacts. Joe Doe from Bloomberg interviews Alcoa's CEO, Roy Harvey, who explains the $15 million cost impact of tariffs, as Alcoa produces more aluminum in Canada than in the US. The tariffs, intended to help US producers, ironically affect Alcoa, a major US aluminum manufacturer. The discussion highlights the challenges faced by US aluminum producers and the underperformance of Alcoa's equity compared to aluminum prices.

What factors led to the lowering of the company's 2018 profit forecast?

• Increased demand for aluminum

• Decrease in operational costs

• Recent market prices and tariffs

• Expansion into new markets

How much cost did Alcoa incur due to tariffs?

• $25 million

• $20 million

• $10 million

• $15 million

Where does Alcoa produce more aluminum?

• Canada

• China

• Mexico

• United States

What percentage of Alcoa's production comes from Canada?

• 50%

• 28%

• 15%

• 35%

What is the irony in the tariff situation for Alcoa?

• Tariffs are helping US producers

• Tariffs are affecting US producers negatively

• Tariffs have no impact on US producers

• Tariffs are only affecting Canadian producers