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Old 03-01-2018, 02:27 PM
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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.


https://www.yahoo.com/finance/news/t...141528279.html

Quote:
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.
Quote:
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.
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