#Latest news with #steelstocksWall Street Journal4 days agoBusinessWall Street JournalAsian Steel Stocks Retreat After Trump's New Tariff ThreatAsian steel stocks began the week hammered by President Trump's threat to double tariffs on steel and aluminum imports starting Wednesday. Trump said Friday that tariffs on imported steel and aluminum would increase to 50% from 25%, effective June 4. Global prices for steel have been falling in recent months, making it easier for steel buyers to pay the existing duty on imports and still acquire steel at a discount to domestic prices.
Wall Street Journal4 days agoBusinessWall Street JournalAsian Steel Stocks Retreat After Trump's New Tariff ThreatAsian steel stocks began the week hammered by President Trump's threat to double tariffs on steel and aluminum imports starting Wednesday. Trump said Friday that tariffs on imported steel and aluminum would increase to 50% from 25%, effective June 4. Global prices for steel have been falling in recent months, making it easier for steel buyers to pay the existing duty on imports and still acquire steel at a discount to domestic prices.
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