Shares of Cleveland-Cliffs Inc. (CLF) soared over 15% in premarket trading on Monday, following President Donald Trump's announcement of plans to impose steep tariffs on steel and aluminum imports into the United States.
Trump said he would introduce new 25% tariffs on all steel imports and aluminum imports into the country, on top of existing duties on the metals. The president claimed the move would protect domestic producers from unfairly priced foreign imports.
The tariffs could boost demand for U.S.-produced steel by making it more expensive for overseas companies to sell lower-priced steel in the American market. Analysts suggest the move could allow domestic steelmakers like Cleveland-Cliffs to raise their prices in the short term.
免责声明：投资有风险，本文并非投资建议，以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请，作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考，不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证，投资者应自行研究并在投资前寻求专业建议。