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Other editors: Trump's tariffs will punish US steel users
The best that can be said about President Trump’s blessing of Nippon Steel’s purchase of U.S. Steel is that it blocks Cleveland-Cliffs’ political power play to buy U.S. Steel instead. The worst to be said is that the purchase has become another opening to make U.S. companies less competitive with higher tariff walls on foreign steel.
Shares of Cleveland-Cliffs ( CLF 5.70%) are moving higher this week, up 28.8% from last Friday's close as of 2:00 p.m. ET.
Trump's new steel tariffs benefit US producers like Cleveland-Cliffs, but the impact may be short-lived if tariffs are ...
Shares of U.S. Steel just saw its third downgrade in the past week, but other companies may be in a weaker position.
Shares of Cleveland-Cliffs ( CLF 25.99%) have blasted roughly 26% higher as of 10:43 a.m. ET today. Shares of Steel Dynamics ...
President Trump signed a proclamation to increase steel and aluminum tariffs from 25% to 50% with the hopes of stopping unfair trade practices and strengthening ...
Cleveland-Cliffs (NYSE:CLF) is up 23.6% today due to President Donald Trump announcing that he will be doubling the tariffs ...
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Here are some of the major companies whose stocks moved on the week’s news.
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