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Could President Trump’s Tariffs End Up Doing More Harm Than Good?

Could President Trump’s Tariffs End Up Doing More Harm Than Good?

President Trump has imposed a global tariff on steel and aluminum imports in a bid to support US steel and aluminum producers. While the tariffs triggered a buying spree in steel stocks (NUE), aluminum producers’ price action was mixed. Century Aluminum (CENX) rose 8.3% that day, and Alcoa (AA) closed at a marginal loss.