Commodity Roundup: Steel Tariffs a Sign of More Restrictions Ahead, BMI Says; Oil Prices Down 1%
Trump's steel and aluminum tariffs "ignite" panic! Executives of American companies are as anxious as ants on a hot pot...
① The USA President Trump announced a 25% tariff on all Steel and Aluminum imported to the USA, expected to take effect in mid-March, affecting a variety of companies like Coca-Cola and Ford; ② USA companies are adopting various strategies to respond, including changing their import product mix or directly passing costs to consumers.
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Trump imposes Steel and Aluminum tariffs, multiple European countries respond strongly: they will not hesitate to retaliate!
On the 10th local time, US President Trump signed an executive order announcing a 25% tariff on all Steel and Aluminum imported to the USA; This move sparked a wave of retaliation warnings from America's European trading partners; Many analysts view Trump's tariffs as a negotiating tool to force other countries to make concessions.
Trump's 25% Tarrifs A 'Self-Inflicted Wound,' Says Economist Amid Warnings Of Fewer American Jobs — Peter Schiff Says You'll Pay More For Cars And Homes
Historical review: What happened after Trump implemented Steel and Aluminum tariffs in 2018?
① Trump announced the reintroduction of Steel and Aluminum tariffs; ② After the introduction of Steel and Aluminum tariffs during Trump's first term, there was a swift retaliatory response from Global trade partners, which ultimately affected domestic manufacturers, and the United States Steel Infrastructure did not rebound as expected; ③ Following that round of impacts, the methods of retaliating against the 'Trump tariffs' by major trade partners of the United States have become increasingly diverse.
Erica York on Impact of Trump's Steel, Aluminum Tariffs
Steel, Aluminum Stocks Jump as Trump to Set 25% Tariffs
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Trump Wants 25% Tariffs on Steel and Aluminum
$1000 Invested In Commercial Metals 10 Years Ago Would Be Worth This Much Today
Commercial Metals (CMC) Down 1.9% Since Last Earnings Report: Can It Rebound?
Steel Stocks Mixed as Tariffs Give U.S. Steel Producers a Green Light to Lift Prices
Commercial Metals Is Maintained at Equal-Weight by Morgan Stanley
Morgan Stanley Maintains Commercial Metals(CMC.US) With Hold Rating, Cuts Target Price to $56
Commercial Metals Company (NYSE:CMC) Stock's Been Sliding But Fundamentals Look Decent: Will The Market Correct The Share Price In The Future?