Sunday, April 13, 2025

Tag: steel

Trump Pushes Back on Japan’s $7B Steel Deal—Stock Tanks 16%

Trump opposes the sale of U.S. Steel to Japanese investors, emphasizing national security and reviewing the acquisition's risks.

Markets Ease Off Lows as Nasdaq Edges Up 0.1%

The New York stock market stabilizes after steep declines, with mixed results among tech stocks amid ongoing tariff negotiations.

EU to Clamp Down on Korean Steel, Quotas Drop Starting April 1

The EU will cut South Korea's tariff-free steel import quota by 14%, impacting the steel industry significantly from April 1.

Canada Strikes Back: 25% Tariffs on $21 Billion in U.S. Goods

Canada imposes a 25% tariff on $21 billion of U.S. goods in retaliation for U.S. tariffs on steel and aluminum, emphasizing sovereignty.

Trump’s Tariff Tactic: 50% on Steel and Aluminum, Pushing Market into Turmoil

Trump raises tariffs on Canadian steel and aluminum to 50% in response to Ontario's electricity tax, affecting U.S. stock markets.