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Shares of Companies Within the Broader Materials Sector Are Trading Lower as Markets React to President Trump's Announcement of Sweeping Tariffs.
Latest poll: Trump’s approval rating has dropped to 43%, the lowest since taking office in January.
A recent poll by the polling institution Ipsos shows that due to dissatisfaction among USA citizens with Trump's tariff measures and his government's handling of information about military strikes in Yemen, Trump's approval rating has dropped to 43%; this is the lowest level since his return to the White House in January.
Trump announced the implementation of "reciprocal tariff" measures, and several trade partners stated they would take countermeasures.
On April 2, the president of the USA, Trump, signed two executive orders announcing a 10% "minimum benchmark tariff" on all trade partners and imposed higher tariffs on several trade partners; The benchmark tariff rate will take effect at midnight on April 5, and reciprocal tariffs will take effect at midnight on April 9; Several trade partners have stated that they will take countermeasures, and the EU and Canada have already formulated counter plans.
Is the Market Bullish or Bearish on Nucor?
At the time of new highs in Copper prices, USA mining giants are betting on new technologies in an attempt to extract "gold" from old mining areas.
As copper prices soar, USA mining giants are betting on a technology aimed at extracting low-grade copper from waste piles to meet the growing Global demand.
Lutnick Meets With Nippon Steel, Activist Ancora on US Steel - Bloomberg
Kieron Morley : The only reason Trump got on Europe's case was the Chinese started to dump their subsidized surpluses through Europe once Obama raised steel tariffs on China in early 2016 (yes Obama started the tariff war with China not Trump). Note the part of the agreement that ensures European Steel is made in EUROPE. This is why that's in there.
William Paul : The people who are promising that no steel from China gets imported via this are the same people who assured everyone of the orderly withdrawal from Afghanistan. US manufacturing gets the shaft of course, as usual. Harley Davidson sells what, 5-10% to EU? Joe from Scranton Building Back Better.
Brandon Golden William Paul : Things were going good, why change them. Let EU ride BMWs
John Dow Brain Gomes : Didn't they move production due to the excess cost of goods?
John Dow : Europe is having a huge energy crisis. I doubt they will be able to produce steel or aluminum cheaper than US.
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