Markets News

U.S. Steel and Aluminum Tariffs Double Today, Trump Urges Trade Partners to "Submit Plans"!

U.S. Steel and Aluminum Tariffs Double Today, Trump Urges Trade Partners to "Submit Plans"!

· Trump's 50% steel and aluminum tariffs take effect today. This news is negative for steel stocks. · The Fed's Bostic still expects one rate cut this year. This news is negative for the dollar. · The latest US-Iran nuclear deal proposal reportedly temporarily allows Iran to continue uranium enrichment activities. This news is bullish for crude oil.

TOPONE Markets Analyst
2025-06-04 08:52:01
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