- Steel and aluminum shares are rallying as the U.S. Department of Commerce recommends tariffs: X +12.7%, AKS +12.2%, MT +3.3%, NUE +4.8%, STLD +4%, CLF +5.9%, CMC +5.4%, RS +2.4%, WOR +2.2%, TS +3.7%, TMST +6.8%, ZEUS +3.5%, SCHN +2.4%, AA +4.7%, CENX +8%, KALU +2.2%, CSTM +2.1%, ARNC +2.1%.
- The DoC recommends a 7.7% tariff on all aluminum exports, with higher duties of 23.6% on products from China, Russian, Venezuela and Vietnam.
- The Department also recommends global steel duties of 24% on all imports, with a ~53% tariff on steel imports from Brazil, China, India, Russia and several other countries.
- Pres. Trump has until April 20 to make a final decision.
- ETFs: SLX, JJU-OLD, FOIL
Commerce Department recommends major tariffs on steel and aluminum
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Symbol | Last Price | % Chg |
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X | - | - |
United States Steel Corporation |