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Steel Stocks Soar as Trump Doubles Tariffs to 50%; Cleveland-Cliffs Leads with 25% Surge

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  News Editor / 3 months
• 0
• 2 min read

U.S. steel stocks experienced a significant surge following President Donald Trump’s announcement to double tariffs on imported steel and aluminum from 25% to 50%. The tariff increase is framed as a deliberate strategy to reinforce the domestic steel industry and lessen the nation’s reliance on foreign imports. Cleveland-Cliffs Inc. (NYSE: CLF) led the rally, with […]