View Single Post
  #1 (permalink)  
Old 03-01-2018, 03:27 PM
Gordon Shumway's Avatar
Gordon Shumway Gordon Shumway is online now
Join Date: Oct 2007
Posts: 4,750
Thanks: 2,148
Thanked 3,324 Times in 1,979 Posts
Default Trump says U.S. to impose hefty tariffs on steel, aluminum imports

here we go. look for your products with steel and aluminum in them to go up in price. yay.

WASHINGTON (Reuters) - U.S. President Donald Trump announced on Thursday he would impose tariffs of 25 percent on imported steel and 10 percent on aluminum, in a move the administration said would protect U.S. industry, but which critics said would fail to boost jobs and risked stoking a trade war with China.
After Trump's statement, AK Steel Holding (AKS.N) was up almost 12 percent, U.S. Steel Corp (X.N) was up 8 percent and Nucor (NUE.N) rose 3.6 percent. By contrast, industrial stocks such as Boeing fell, with traders citing tariffs, which would hit manufacturers' costs.
Reply With Quote
The Following User Says Thank You to Gordon Shumway For This Useful Post: