President Trump announced on Friday an increase in global steel tariffs to 50%, alarming EU trade negotiators who warned of economic uncertainty and rising costs. U.S. steel companies, like Nucor and Steel Dynamics, saw their stocks rise by about 12% in premarket trading as a result. Meanwhile, the broader Dow Jones index slipped slightly. Tensions also loom over U.S.-China trade negotiations, with accusations flying between the countries. Upcoming talks between Trump and Xi Jinping potentially hold the key to the next steps in trade dynamics.
President Trump's decision to double tariffs on global steel imports to 50% aims to boost U.S. steel stocks despite international pushback from the EU.
U.S. steel companies, like Nucor and Steel Dynamics, have seen significant premarket stock increases following the announcement of higher tariffs on steel imports.
Collection
[
|
...
]