President Trump, great patriot and American hero. Shares of US steel and aluminum companies jump 9% after Trump imposed tariffs on foreign steel and aluminum
Posted on | March 2, 2018 | No Comments
The U.S. imports 30 percent of its steel. Once a bastion of steel production, shifts in global trade and automation saw hundreds of thousands of steel jobs eviscerated from the 1970s onward. America’s steel industry has long called for a clampdown on imports and global steelmaking overcapacity, and is now lauding Trump’s decision.
U.S. steel and aluminum shares jumped sharply before markets closed Thursday, with some companies seeing share price increases of up to 9 percent.
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