Tariffs on Steel, Aluminum Double
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Metallus is poised for growth amid Trump's steel tariffs and defense orders. Shares are quite undervalued, trading at low estimated EV/EBITDA. See more on MTUS here.
When it comes to President Trump's 50% tariffs on steel and aluminum, big ticket items such as cars, washing machines and heavy machinery often come to mind, but as Jo Ling Kent reports, they're hitting smaller,
The Premier of Ontario, Doug Ford, announced plans to move $30 billion in manufacturing to Canada after new U.S. steel tariffs.
President Trump doubled steel and aluminum tariffs to 50%. Greg Colibert, owner of Steel Products Manufacturing in Salt Lake City, joins Katy Tur to share his concerns on the new tariffs and how it will impact his business.
The Gulf state, which is reliant on the U.S. security umbrella, has pledged to invest $1.4 trillion in the U.S. over the next decade. Its sovereign wealth funds, including Abu Dhabi's $330-billion Mubadala, are already big U.S. investors, and Trump and his family have business interests in the UAE.
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Steel Manufacturers Association Government Affairs Vice President Brandon Farris reacts to the doubling of steel and aluminum tariffs to 50% by the Trump administration.
U.S. tariffs on steel have only a limited direct effect on Thyssenkrupp Steel Europe, the company said on Wednesday, but the increase in import duties brings with it pressure on trade relations more broadly,