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Metal manufacturer Alcoa (NYSE: AA), New York, NY, reported second-quarter sales of $3.6 billion, up 16 percent sequentially and 24 percent compared to the same period a year ago. Second-quarter earnings were $75 million.
The company said it incurred $15 million of costs for tariffs on imports from its foreign operations during the quarter. Alcoa’s imports were primarily from Canada, where the U.S. government’s Section 232 tariffs became effective on June 1.