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Cleveland-Cliffs, Steel Dynamics, US Steel, And Other Metal Stocks Surge As Trump's Tariffs Take Effect: Retail's Bullish


Published on 2025-03-13 02:00:57 - Stocktwits
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  • Shares of steel and aluminum companies like Cleveland-Cliffs Inc. (CLF), Steel Dynamics Inc. (STLD), United States Steel Corp. (X), and others surged on Wednesday as U.S. President Donald Trump's proposed tariffs took effect.

The article from MSN Money discusses the significant surge in steel and metal stocks following the implementation of tariffs on steel and aluminum imports by former President Donald Trump. Companies like Cleveland-Cliffs, Steel Dynamics, and U.S. Steel experienced notable stock price increases due to these tariffs, which were intended to protect domestic industries from cheap imports. The tariffs, which included a 25% duty on steel and 10% on aluminum, aimed to boost local production and employment in the U.S. steel sector. The article also touches on the broader market implications, noting that while these tariffs have been beneficial for steel companies, they've raised costs for industries reliant on steel, potentially leading to higher prices for consumers. Additionally, the piece mentions the ongoing debate about the effectiveness and long-term impact of these tariffs, with some sectors of the economy feeling the pinch from increased material costs.

Read the Full Stocktwits Article at:
[ https://www.msn.com/en-us/money/top-stocks/cleveland-cliffs-steel-dynamics-us-steel-and-other-metal-stocks-surge-as-trump-s-tariffs-take-effect-retail-s-bullish/ar-AA1AOHFu ]