Reported about 21 hours ago
Shares of U.S. steel and aluminum producers surged following President Trump's announcement of a new 25% tariff on metal imports, while European producers saw declines. U.S. companies like Nucor and Century Aluminum experienced significant gains as domestic production aims to address the influx of cheaper imports. Despite the expected boost in domestic aluminum production from the tariffs, the U.S. remains reliant on imports to meet its annual demand.
Source: YAHOO