Trump tariffs live updates: 25% steel, aluminum tariffs officially take effect

With tariffs increasing on metals and potential retaliatory measures from Canada, U.S. steel companies could see a boost in domestic prices and demand. Nevertheless, the overall market might face pressure from inflation worries and economic fears. Investors should keep an eye on U.S. steel producers as they can benefit in the near term from higher prices and reduced foreign competition.

The uncertainty surrounding tariffs can negatively impact consumer spending and economic growth. Thus, sectors heavily reliant on metal imports or involved in international trade could suffer stock declines. Companies such as Delta Airlines, which have already indicated a pullback in economic outlook, may see continued pressure. A broader market adjustment is possible as investors reassess risk amidst these new tariffs.