
Share / Stock Market & IPO
February 10, 2025 at 05:57 AM
*🔔 Trump to Announce 25% Steel, Aluminum Tariffs on Feb 10 🏗️*
📌 Key Highlights:
🔹 25% tariffs on all steel & aluminum imports 🌍
🔹 Reciprocal tariffs on nations taxing US goods coming soon
🔹 Unclear if Mexico & Canada are exempt ❓
🔹Tariffs may hit US energy sector. Markets watching China-US trade talks ahead of Feb 10 🇺🇸
📊Economic Impact:
📈Higher costs for manufacturers
📉Possible consumer price hikes
⚠️Risk of trade tensions escalating
🏗️Steel Industry & US Steel Deal:
🔹Domestic steelmakers back tariffs 📢
🔹Japan’s Nippon Steel’s $14.1B US Steel deal stalled 🚧
🔹Trump: No majority stake for Nippon Steel in US Steel ❌