Alcoa shares are trading lower after Donald Trump said he would consider high tariffs on Chinese imports if elected president, which has pressured metal stocks.
Portfolio Pulse from Benzinga Newsdesk
Alcoa shares are trading lower following Donald Trump's statement on considering high tariffs on Chinese imports if elected president, pressuring metal stocks.
February 05, 2024 | 8:43 pm
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Alcoa's stock price is trading lower due to concerns over potential high tariffs on Chinese imports as mentioned by Donald Trump, which could negatively impact metal stocks.
Alcoa, being a major player in the metals sector, is directly impacted by the prospect of high tariffs on Chinese imports. Such tariffs could lead to increased costs for metal importers and disrupt global metal markets, negatively affecting Alcoa's stock price in the short term.
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