U.S. Supreme Court Turns Away Challenge To Trump-ERA U.S. Tariffs On Steel Imports
Portfolio Pulse from Benzinga Newsdesk
The U.S. Supreme Court has declined to hear a challenge to the Trump-era tariffs on steel imports. This decision leaves in place the 25% tariff on steel imports that was imposed in 2018.
October 30, 2023 | 1:34 pm
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POSITIVE IMPACT
ArcelorMittal's U.S. operations could continue to benefit from the 25% tariff on steel imports.
As a major steel producer, ArcelorMittal's U.S. operations could continue to benefit from the tariffs, which make imported steel more expensive and could boost demand for domestically produced steel.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Nucor Corporation could continue to benefit from the 25% tariff on steel imports.
As a major steel producer, Nucor Corporation could continue to benefit from the tariffs, which make imported steel more expensive and could boost demand for domestically produced steel.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Reliance Steel & Aluminum Co could continue to benefit from the 25% tariff on steel imports.
As a major steel producer, Reliance Steel & Aluminum Co could continue to benefit from the tariffs, which make imported steel more expensive and could boost demand for domestically produced steel.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Steel Dynamics, Inc. could continue to benefit from the 25% tariff on steel imports.
As a major steel producer, Steel Dynamics, Inc. could continue to benefit from the tariffs, which make imported steel more expensive and could boost demand for domestically produced steel.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
United States Steel Corporation could continue to benefit from the 25% tariff on steel imports.
As a major steel producer, United States Steel Corporation could continue to benefit from the tariffs, which make imported steel more expensive and could boost demand for domestically produced steel.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The decision by the Supreme Court could have a neutral impact on the SPDR S&P 500 ETF Trust.
The SPDR S&P 500 ETF Trust is a broad market index fund, and while some of its holdings may be affected by the tariffs, the overall impact is likely to be neutral due to its diversified nature.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 50