President Trump said in the "very near future" he will impose tariffs on steel, aluminum, copper, semiconductors, pharmaceuticals and other imports.
In a Tuesday interview with CNBC's Jim Cramer, Nucor CEO Leon Topalian expressed optimism about what Trump's tariff policies mean for the U.S. steel industry.
If I am Donald Trump, how am I going to rebuild the military if I have less steel and steeper costs for steel imports than my predecessor?
United States Steel stock has dropped almost 25% in the last one year, compared to the S&P500 index which has gained 24% during the same time..
Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion buyout of the American steelmaker by the Japanese firm. President-elect Donald Trump takes office on Monday.
Upon returning to office, U.S. President Donald Trump has launched numerous tariff threats. They range from broad ones - a universal tariff on foreign-imported goods - to ones aimed at specific sectors,
Activist investor Ancora called for a shakeup in U.S. Steel leadership on Monday and adding new members to the board of directors after the company's failed sale to Nippon Steel.
Canada’s Stelco Holdings Inc. has been telling U.S.-based consumers it is pausing sales quotes, according to a person familiar with the matter. Mexico-based steel suppliers also stopped taking orders for material this week as they await potential action from Trump, according to Flack Global Metals, a large buyer.
Tit-for-tat tariffs may have worked to force the hand of the first Trump administration, but in a very different trade environment, doing so would score an own-goal
Defense programs, particularly shipbuilding, will experience high costs and delays if the administration's tariffs target crucial materials, analysts said.
Nearly 1,000 people were arrested by federal agencies in a blitz to enforce immigrations policies across the United States, according to multiple reports.
The speech underscored President Trump's continued focus on immigration, which he called the nation's "number one issue."