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 contributed to the company's decision to lower its profit forecast for 2018?

What was the impact of tariffs on aluminum imports as discussed in the earnings call?

How did the CEO of Alcoa describe the financial impact of tariffs on their operations?

What percentage of Alcoa's production comes from Canada, and how does this relate to the tariffs?

In what way did the tariffs affect the equity performance of the aluminum producer?