Steel stocks are grabbing headlines after President Donald Trump’s bold move to double tariffs on most imported steel (HVM25) and aluminum (ALQ25) from 25% to 50%. The new levies kicked in on Wednesday, June 4.
The White House says this is to stop other countries from dumping cheap steel and aluminum in the U.S., aiming to protect American producers. Almost every global trading partner is affected except the United Kingdom, which will continue to face the 25% tariff instead of the increased 50% tariff.
