2 steel stocks to buy now as Trump announces new tariffs
Portfolio Pulse from
President Trump has announced a 25% tariff on all steel and aluminum imports, which could benefit domestic steel producers.
February 11, 2025 | 2:30 pm
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Nucor Corporation (NUE) is likely to benefit from the new 25% tariff on steel imports as it could reduce competition from foreign steel producers.
The 25% tariff on steel imports is designed to protect domestic steel producers like Nucor by making imported steel more expensive. This could lead to increased demand for Nucor's products, potentially boosting its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80