Nucor Leads S&P 500 On Trump's 50% Steel, Aluminum Tariffs
President Trump's Friday announcement that steel and aluminum tariffs will double to 50% on June 4 sent shares of U.S. producers surging early Monday, including Nucor, Cleveland-Cliffs and Century Aluminum. Trump made the announcement at a Friday rally near Pittsburgh, celebrating Nippon Steel's deal to buy U.S. Steel, which he blessed after the Japanese company pledged to build a new mill and double its spending plan. "Nobody's going to get around that," Trump said Friday, in announcing the 50% steel tariff.
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