Alcoa $AA, a global leader in the aluminum industry, is facing significant headwinds stemming from recent US tariff decisions. According to company management, newly-imposed tariffs on aluminum imports from Canada are expected to cost the corporation approximately $90 million in the current quarter alone. This development highlights the increasing complexity of cross-border trade between the United States and Canada, casting uncertainty over the future of the aluminum sector as elevated costs reshape the market landscape.

The recent tariffs introduced by President Donald Trump targeting countries like China, Canada, and Mexico have acted as a catalyst for the decline in metal prices.