Alcoa's chief financial officer Molly Beerman said that Alcoa has two smelters in the US that produce about 290,000 tons of aluminum every year, and both smelters will benefit from tariffs on imported steel and aluminum. “However, our business output in Canada is three times that number,” she said. Beerman said imposing a 25% tariff on aluminum produced by Alcoa in Canada would have a net negative impact on the company, leading to losses of tens of millions of dollars. She added that this loss is unlikely to affect the company's first quarter results, but it could impact future earnings.

Alcoa's chief financial officer Molly Beerman said that Alcoa has two smelters in the US that produce about 290,000 tons of aluminum every year, and both smelters will benefit from tariffs on imported steel and aluminum. “However, our business output in Canada is three times that number,” she said. Beerman said imposing a 25% tariff on aluminum produced by Alcoa in Canada would have a net negative impact on the company, leading to losses of tens of millions of dollars. She added that this loss is unlikely to affect the company's first quarter results, but it could impact future earnings.