Mining sector faces 'small negative' from Trump in White House, positive for US steel
Portfolio Pulse from
Donald Trump's potential return to the White House is expected to have a modest negative impact on the mining sector due to his campaign promises of aggressive trade barriers and a slower transition to renewables. However, it could be positive for the US steel industry.
November 07, 2024 | 2:45 pm
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POSITIVE IMPACT
US Steel may benefit from Trump's potential return to the White House due to his campaign promises of aggressive trade barriers, which could protect domestic steel producers.
Trump's campaign promises include aggressive trade barriers, which historically have benefited domestic steel producers like US Steel by reducing foreign competition.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80