Tariffs on aluminum imports will not incentivize Alcoa (AA) to invest in the U.S. even as the company pulls back from expansion in Canada, CEO Bill Oplinger said in an interview, Semafor’s Prashant Rao reports. “Tariffs can change very quickly, and therefore we don’t make an investment in the U.S. based on a tariff,” Oplinger said. “Conversely… we are slowing down investments in Canada based on the fact that tariffs weren’t being covered by the price.” He added. “Our belief is that ultimately, tariff price on aluminum in the U.S. has to put pressure on our customers.”
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