Trump hits foreign steel and aluminium with tariffs, restarting an old fight

Deccan Herald

Summary

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Old and new economy stocks keep Wall Street pumped up this week as tech and steel sectors advance on a mix of tariff news and an artificial intelligence buzz, with Treasuries in thrall to Federal Reserve boss Jerome Powell's latest trip to Congress.
The Gazette
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Donald Trump signed two executive orders on Monday imposing 25 percent tariffs on steel and aluminum imports, regardless of country of origin, with no product exemptions.
The Independent
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U.S. metal makers have been lobbying the Trump administration for protection against foreign competition.
The New York Times
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In his three weeks in office, the president has already threatened more tariffs globally than he did in his entire first term, when he imposed tariffs on foreign solar panels, washing machines, metals and more than $300 billion of products from China.
Deccan Herald

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