Tariffs on Steel, Aluminum Double
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U.S. stock markets appear calm as President Trump's doubled tariffs on foreign steel and aluminum take effect. This comes as new jobs report data emerges. CBS MoneyWatch correspondent Kelly O'Grady has more.
US President Donald Trump has raised steel and aluminium tariffs to 50% from 25%, which took effect on Wednesday. Click to read.
By Elizabeth Howcroft PARIS (Reuters) -European stock indexes climbed slowly higher on Wednesday and the dollar was little changed, as uncertainty about U.S. President Donald Trump's tariff plans and negotiations with China dominated market sentiment.
Regardless of the outcome of the tariff litigation, tariffs are likely to continue in some form. Falling recession odds and AI spending continue to send stocks higher.
Nucor Corporation gains from 50% steel import tariffs, boosting EPS potential. See why I continue to believe that NUE stock is a bargain at current prices.
US stocks gained Monday as investors digested President Donald Trump’s doubling of tariffs on America’s steel and aluminum imports while trade tensions with China flare up once again.
Stock markets in the Gulf were mixed early on Wednesday, with U.S. President Donald Trump's duties on steel and aluminium going into effect, marking the latest chapter in a trade war that has rattled global markets.
An OECD warning of economic damage from President Trump's tariffs has put investors on watch for progress in US trade talks.