Markets aren't happy, but US steel and aluminum makers don't totally hate Trump's new tariffs
Published On Mar 11, 2025, 2:25 PM
President Trump has announced new tariffs of 25% on steel and aluminum imports from all countries, with increased tariffs of up to 50% specifically on Canadian products. This move has caused market volatility but has been positively received by American steel manufacturers who believe it will help combat unfair competition, particularly from China. However, some in the aluminum sector express concerns over potential job losses and increased prices for consumers stemming from the tariffs. The U.S. steel industry also shows bipartisan support for these measures, reflecting longstanding issues with international trade practices.
Stock Forecasts
X
Positive
With the recent tariffs potentially increasing domestic sales for steel companies, stocks in that sector may see a rise as the market adjusts to reduced foreign competition.
AA
Negative
Due to concerns over job losses and rising costs for consumers, particularly in the aluminum sector, stocks tied to aluminum production may face downward pressure in the near term.
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