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Trump Sets Policy Priorities: How Musk, Qualcomm CEO, Hillary Clinton, Betting Markets Reacted
Benzinga18:29 ET
Goldman Sachs released a tariff forecast: the possibility of the USA imposing a 10% tariff on Copper in Q1 is about 50%.
① Wall Street traders are preparing to analyze Trump's inauguration speech word by word, to determine the impact of his policies on the market; ② Goldman Sachs stated the likelihood of a 10% tariff on Copper by the USA in Q1 is 50%, which is basically consistent with Goldman Sachs' own forecast; ③ The oil market believes the likelihood of Trump imposing tariffs on oil is close to 40%, higher than Goldman Sachs' expected 15%; additionally, Goldman Sachs said the likelihood of tariffs on Gold is only 10%.
cls.cnJan 20 03:55 ET
The slogan finally arrives at its moment of fulfillment! Is the "Trump Trade" at a new crossroads?
① From the "beautiful aspirations" before the election to the "wanton revelry" after the election, Trump's Trade has gone through two phases over the past six months; ② Now, this Trade's "third phase" may be the most turbulent journey that is about to unfold: with Trump's official inauguration, all of the campaign slogans from last year's USA election winner will soon come to fruition...
cls.cnJan 19 22:21 ET
Key Takeaways From Trump's Inauguration Eve Speech
BloombergJan 19 22:08 ET
Earnings Week Ahead: JNJ, NFLX, AAL, UAL, AXP, ABT, VZ, PG, and More
Seeking AlphaJan 19 08:12 ET
Potential Rio Tinto-Glencore Combination Considered Poor Fit, Unlikely to Happen
Seeking AlphaJan 18 20:15 ET

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Rama Krishna Gonga

Nov 1, 2021 04:04

U.S., E.U. agree to trade truce on steel, aluminum imports

$Dow Jones Industrial Average (.DJI.US)$ $S&P 500 Index (.SPX.US)$ $Nasdaq Composite Index (.IXIC.US)$ The U.S. and the European Union have announced a deal at the G20 summit in Rome to ease U.S. tariffs on steel and aluminum totaling more than $10B of E.U. exports each year, removing one of the most significant trade disputes from the Trump administration's levies imposed in 2018.
U.S. Commerce Secretary Gina Raimondo said the arrangement will maintain the tariffs but allow limited amounts of European imports to enter the U.S. free from tariffs while the E.U. will drop retaliatory tariffs.
U.S. officials said the deal will ensure that steel entering the U.S. from Europe is entirely produced in Europe.
American Iron and Steel Institute head Kevin Dempsey said the agreement will "prevent another steel import surge that would undermine our industry."
ETFs: $VanEck Steel ETF (SLX.US)$, $Barclays Bank Plc Ipath Ser B Blmbrg Alumi Subindx Tr Etn (JJU.US)$
Potentially relevant steel and aluminum tickers include $United States Steel (X.US)$ , $Nucor (NUE.US)$ , $Cleveland-Cliffs (CLF.US)$ , $Reliance (RS.US)$ , $ArcelorMittal SA (MT.US)$ , $Steel Dynamics (STLD.US)$ , $Alcoa (AA.US)$ , $Century Aluminum (CENX.US)$
The deal was praised by $Harley-Davidson (HOG.US)$, one of the U.S. companies that was hit hardest by E.U. retaliatory tariffs; $Levi Strauss & Co. (LEVI.US)$ jeans and bourbon whiskey were among other targets of the retaliatory measures.
Climate change is another focus of the summit, which will set the tone for global talks on climate in Glasgow, Scotland, that immediately follow the Rome meeting.

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