Trump vows to impose 25% tariffs on aluminum, steel

Mon, Feb 10, 2025, 7:32 AM

Aluminum and steel stocks surged Monday morning following President Donald Trump's promise to impose 25% tariffs on steel and aluminum imports, with US Steel (X) and Alcoa (AA) leading the sector gains. Other climbing stocks in the sector include Commercial Metals (CMC), Nucor Corporation (NUE), and Cleveland-Cliffs (CLF).

Morning Brief anchors Seana Smith and Brad Smith analyze the potential market-wide implications of this tariff strategy, exploring how the new trade measures could reshape industry dynamics and investor sentiment.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Angel Smith