Tariffs

Watch These U.S. Steel Price Levels After Trump Flags Steel and Aluminum Tariffs

U.S. Steel shares gained ground Monday after President Trump on Sunday flagged new 25% tariffs on all steel and aluminum imports into the United States. Monitor these crucial chart levels.

Brazil, Mexico apply wait-and-see strategy before reacting to Trump steel tariff threat

Brazil and Mexico, two top shippers of steel to the U.S., will wait to see if U.S. President Donald Trump announces tariffs on steel and aluminum imports before reacting, officials from both nations said on Monday. Trump is expected to introduce new 25% tariffs on Monday on all steel and aluminum imports into the United States, on top of existing metals duties, in another major escalation of his shake-up of trade policy. Nearly a quarter of all steel used in the U.S. is imported, and Trump has vowed to revive domestic output after U.S. firms have idled mills in recent years.

Gold Passes $2,900 to Record as Trump Tariffs Spur Haven Buying

(Bloomberg) -- Gold rose to a new all-time high after US President Donald Trump said he would announce tariffs on steel and aluminum imports Monday, adding to increasing uncertainty in global financial markets.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navig

NY Fed Survey Sees Inflation Expectations Edge Up Before Tariffs

(Bloomberg) -- US consumers’ long-term inflation expectations edged higher in January ahead of tariff announcements by the Trump administration, a monthly Federal Reserve Bank of New York survey showed.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the

Gold surges past $2,900 to new record amid tariff threats

Gold surged to a new record amid trade war concerns.

Latin American Assets Get Some Relief Amid Trump Tariff Plans

(Bloomberg) -- Latin American currencies posted some of the biggest gains among emerging-market peers on Monday as they shrugged off tariff tensions amid rising commodity prices. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSListen

Trump tariffs may trigger 'painful' stagflationary shock: Economist

Apollo Global Management chief economist Torsten Sløk sent a warning on the knock-on effects of tariffs by President Trump.

Steel, Aluminum Company Stocks Jump as Trump Plans 25% Tariffs on Imports

Shares of steel and aluminum manufacturers jumped Monday after President Donald Trump said he planned to implement new tariffs on imports of the two metals.

Explainer-What are the EU's options in response to Trump tariffs?

U.S. President Donald Trump has said he will impose tariffs on imports of steel and aluminium and raise rates to match those of other countries in the coming week. The United States and European Union have the world's largest commercial relationship, trading 1.5 trillion euros ($1.55 trillion) of goods and services in 2023. European Commission president Ursula von der Leyen said last week the EU would "respond firmly" if targeted unfairly or arbitrarily.

Factbox-Modi's US visit raises industry hopes amid tariff threats

Indian Prime Minister Narendra Modi, on a two-day U.S. visit starting Wednesday, is expected to propose tariff cuts and increased energy and defence imports during a meeting with U.S. President Donald Trump. Modi is keen to avert a potential trade war and boost trade ties after Trump threatened reciprocal tariffs on many countries, including a 25% tariff on all steel and aluminium imports. India plans to propose increasing energy products imports from the United States, estimated at over $11 billion in first eleven months of 2024, to alleviate trade imbalances.

Brazil denies report of potential tax on US tech firms after Trump steel tariffs

SAO PAULO/BRASILIA (Reuters) -Brazil's finance minister rejected on Monday a report saying the country was planning to impose taxes on U.S. tech companies if President Donald Trump proceeds with plans to introduce a 25% tariff on all U.S. steel imports. "The information is not correct," Fernando Haddad wrote on social media, after the newspaper Folha de S.Paulo reported that President Luiz Inacio Lula da Silva's administration was mulling tariffs on big tech firms as retaliation. The South American country is one of the largest sources of U.S. steel imports as well as a top market for many big tech companies.

South African Stocks Head for Record as Trump Tariffs Stoke Gold

(Bloomberg) -- South Africa’s benchmark stock index headed for a record as investors overlooked a US aid freeze amid a rise in gold prices stoked by President Donald Trump’s latest tariff pledge.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Wi

Trump to sign tariff order Monday or Tuesday in latest trade salvo

WASHINGTON (Reuters) -President Donald Trump is expected to sign an executive order on tariffs later on Monday or Tuesday, according to a source familiar with the situation, in a move that could increase the risk of a multi-front trade war. Trump said Sunday he would impose a 25% tariff increase on all steel and aluminium imports into the U.S. on top of existing duties and a further set of reciprocal tariffs later in the week, drawing warnings of retaliation from trade partners. Details of the order Trump is due to sign were not immediately available.

Looming tariffs turned into a mad dash north for one US manufacturer

Stephen Bullock’s phone rang early Monday morning last week at his small factory in North Carolina with an urgent message from his distributor up in Toronto who was rattled by what looked like an unfolding U.S.-Canada trade war. Two of the machines Bullock’s company produces - bulky contraptions used to lay concrete curbs, highway barriers, and sidewalks - were due to be shipped to Canada in a few weeks. "They said get them here as quick as you can," said Bullock, President of Power Curbers, who scrambled to pull two finished machines destined for other buyers the next day.

Morning Bid: Tariff pains? Dr Copper will see you now

Another week brings another round of tariff surprises from U.S. President Donald Trump. The London gold market has seen traders scramble to move ingots to New York, which has pushed up short-term borrowing rates, out of fear that Trump could train his sights on precious metals as targets for tariffs - however distant a possibility that is.

A timeline of US-China tit-for-tat tariffs since Trump's first term

China’s tit-for-tat duties on U.S. imports took effect Monday, just hours after U.S. President Donald Trump announced that he wants to slap new duties on all steel and aluminum imports to the U.S. The rapid-fire shots of tariffs and import curbs hearken back to Trump’s first term in office, when the U.S. and China engaged in a trade war that spanned most of Trump’s first four years in office and was continued to a certain extent under his successor, Joe Biden. Less than a month after returning to the White House on Jan. 20, Trump slapped 10% duties on all Chinese imports, a move that’s expected to raise prices on goods including laptops, toys and fast fashion.

Tech lifts Wall Street, steelmakers climb on Trump tariff threat

(Reuters) -Wall Street's main indexes climbed on Monday, lifted by Nvidia and other tech-related stocks, while steelmakers surged after U.S. President Donald Trump said he would impose additional tariffs on steel and aluminum imports. Trump's latest potential trade barrier escalation came on Sunday when he said he would introduce 25% tariffs on all imports of steel and aluminum into the United States, on top of existing duties on the metals. Nucor, Steel Dynamics and Cleveland-Cliffs surged between 5% and 13%, while Century Aluminum added 11% and Alcoa rose 3%.

Trump's tariffs spur economic uncertainty, impact on inflation less clear, ECB's de Guindos says

Trade tariffs announced by U.S. President Donald Trump could trigger economic uncertainty but the impact on inflation is less clear, European Central Bank Vice President Luis de Guindos said on Monday. Trump's plan for 25% tariffs on all steel and aluminium imports into the United States, on top of existing metals duties, represents another major trade escalation. "Today we woke up to the issue of steel and aluminium," de Guindos told Spanish broadcaster TVE.

US metal producers gain, European peers slide on Trump's tariff plans

(Reuters) -Shares of U.S. steel and aluminum producers surged on Monday, while their European counterparts fell after President Donald Trump disclosed plans to impose an additional 25% tariff on import of the metals. Nucor, Steel Dynamics and Cleveland-Cliffs rose between 6% and 13%, while Century Aluminum added 15% and Alcoa 6%. U.S. Steel gained 3%.

Tariff Risk Hangs Over East Europe’s Trump-Induced Rally

(Bloomberg) -- Lauded as “tough” and “smart” by President Donald Trump, Hungary’s Viktor Orban is among the eastern European leaders hoping that allegiance to the US will translate into deals and economic gains. Instead, they may find their financial markets cannot escape the wider fallout of a US-Europe trade war. Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Arch

Taiwan’s Exports to Mexico Jump by Almost 500% Before US Tariffs

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSTaiwan’s exports to Mexico surged by a record as tech companies moved production out of China, bu

Morning Bid: All tariffs, all the time

The week started with a now all-too common bang as President Trump used a media scrum on Air Force One to announce 25% tariffs on steel and aluminium imports into the U.S., with a promise of yet more reciprocal tariffs on Tuesday or Wednesday. At the same time, China's new retaliatory tariffs on the U.S. came into effect and German Chancellor Scholz said the EU was ready to respond to levies "within an hour". Wall Street futures also started lower but didn't stay down for long: They are now up around 0.3%.

London aluminium flat as investors weigh Trump tariff threat

(Reuters) -London aluminium prices were flat on Monday as market players weighed risks of a major trade war after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports. Three-month aluminium on the London Metal Exchange (LME) was little changed at $2,628.5 a metric ton, as of 0600 GMT, after two straight sessions of gains. The aluminium contract on the Shanghai Futures Exchange (SHFE) was 0.2% higher at 20,525 yuan ($2,809.14) a ton, after hitting its highest level since early December 2024 on Friday.

Stock market today: Wall Street takes Trump's latest tariff threats in stride, and indexes rise

Wall Street is taking President Donald Trump’s latest threat on tariffs in stride, on the whole, and U.S. stocks are rising on Monday. The S&P 500 was up 0.7% in afternoon trading, coming off a losing week that was bookended by worries about how potential tariffs could push up inflation and threaten the economy. The bond market also remained relatively firm, with Treasury yields mostly steady after Trump said over the weekend that he would announce 25% tariffs on all steel and aluminum imports, as well as other import duties later in the week.

Taiwan looks to buy Alaskan natural gas as it seeks to head off US tariffs

TAIPEI (Reuters) -Taiwan is interested in natural gas from Alaska and will continue to assess the feasibility of purchases, the economy ministry said on Monday, as the government looks to narrow the trade surplus with the United States and head off tariffs. U.S. President Donald Trump said on Friday he plans to announce reciprocal tariffs on many economies by this week, a major escalation of his offensive to reshape global trade relationships in ways he considers to be in America's favour.

Quebec Calls for Early Talks of Trade Deal as Trump Brings Metal Tariffs

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSCanada should try to accelerate the renegotiation of the North American trade agreement, Quebec’s

Markets react to Trump's tariffs on steel and aluminium imports

SINGAPORE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties. The dollar rose and U.S. Treasury yields ticked higher. "Investors and short-term traders are now in flux in terms of playbook positioning as the global economy has not faced a stagflation environment in the last 15 years since the Great Financial Crisis of 2009."

Dollar gains, loonie slips on tariff threats

NEW YORK (Reuters) -The U.S. dollar gained on Monday after President Donald Trump pledged 25% tariffs on all imports of steel and aluminium, while the Canadian dollar was among the worst performers. Canada is a major exporter of steel and aluminium to the U.S., along with Brazil, Mexico, South Korea and Vietnam, according to government and American Iron and Steel Institute data. The yen also dipped on concerns that Japan could also face tariffs.

Australia's BlueScope Steel gains on potential US tariffs on steel imports

(Reuters) -Shares of BlueScope Steel rose to a more than two-month high on Monday, buoyed by expectation that the Australian steelmaker's U.S. business would gain from potential tariffs on all steel imports into the country. U.S. President Donald Trump said he would introduce new 25% tariffs on all steel and aluminium imports into the country, on top of existing metals duties, in another major escalation of his trade policy overhaul. The largest sources of U.S. steel imports are Canada, Brazil and Mexico, followed by South Korea and Vietnam, according to government and American Iron and Steel Institute data.

In China's export hub of Yiwu, traders shrug off Trump's tariffs

Traders in China's export manufacturing hub of Yiwu shrugged off U.S. President Donald Trump's tariffs and moves against China on Sunday, with some saying they made preparations to soften the blow. Yiwu city in eastern China's Zhejiang province is the world's largest wholesale hub for small manufactured items, exporting products ranging from Christmas trees to costume jewellery globally, including to the United States. "We predicted that he would assume power," Cheng Haodong, chairman of Beisi Group, a business which sells clothes to water bottles, told Reuters from their office in the city.

Shares of South Korean steelmakers drop as Trump talks tariffs

Shares of South Korean steelmakers dropped on Monday, after U.S. President Donald Trump said he would introduce new tariffs. POSCO Holdings shares fell as much as 3.6% to 230,500 won, the lowest since October 2022, while shares of Hyundai Steel fell as much as 2.9% to the lowest on record. Trump said that he would announce on Monday new 25% tariffs on all steel and aluminum imports into the United States, which would come on top of existing metals duties in another major escalation of his trade policy overhaul.

Dollar edges up, stocks higher as latest tariffs swirl

NEW YORK (Reuters) -The dollar rose for a third-straight session on Monday after U.S. President Donald Trump warned of more tariffs, including on steel and aluminum, while a gauge of global stocks shook off concerns about another round of duties and advanced. Trump is expected to announce on Monday or Tuesday 25% tariffs on all U.S. steel and aluminum imports, and reveal other reciprocal tariffs soon afterward. China's retaliatory tariffs on some U.S. exports take effect on Monday, with no sign of progress toward a new trade arrangement between Beijing and Washington.

Trump says he will announce 25% steel and aluminum tariffs Monday, and more import duties are coming

President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other import duties later in the week. “Any steel coming into the United States is going to have a 25% tariff,” he told reporters Sunday on Air Force One as he flew from Florida to New Orleans to attend the Super Bowl. When asked about aluminum, he responded, “aluminum, too” will be subject to the trade penalties.

Morning Bid: Navigating US rates, global tariff tensions

Asian markets are set for a rocky open on Monday following Wall Street's selloff on Friday, as U.S. inflation concerns bubble up and global trade war fears intensify after President Donald Trump said he plans to announce reciprocal tariffs on many economies early this week. Trump's comments mark an escalation of his 'America First' offensive to reshape global trade relationships. There may be a reprieve, like there was with the Mexico and Canada tariffs recently, but if not, many Asian economies are vulnerable.

Trump to announce 25% steel and aluminum tariffs in latest trade escalation

ABOARD AIR FORCE ONE (Reuters) -U.S. President Donald Trump said on Sunday he will introduce new 25% tariffs on all steel and aluminum imports into the U.S., on top of existing metals duties, in another major escalation of his trade policy overhaul. Trump, speaking to reporters on Air Force One on his way to the NFL Super Bowl in New Orleans, said he will announce the new metals tariffs on Monday. "And very simply, it's, if they charge us, we charge them," Trump said of the reciprocal tariff plan.

TKer: Even with tariffs looming, the stock market continues to trade near record highs

Even if tariffs ultimately aren’t imposed, the uncertainty and volatility caused by the threat of tariffs could prove costly.

Brazil Makes Preparations for US Tariffs, Trade War, Folha Says

(Bloomberg) -- Supply Lines is a daily newsletter that tracks global trade. Sign up here.Most Read from BloombergNice Airport, If You Can Get to It: No Subway, No Highway, No BridgeSin puente y sin metro: el nuevo aeropuerto de Lima es una debacleThe Forgotten French Architect Who Rebuilt MarseilleIn New Orleans, an Aging Dome Tries to Stay SuperHow London’s Taxi Drivers Navigate the City Without GPSBrazil’s government is mapping out sectors of the economy that could be affected by a trade war l

Trump tariffs rip right through C-suites and financial models

Top leaders bring Yahoo Finance into the challenging world of navigating Trump administration policies.

Investors await new inflation data amid tariff concerns: What to know this week

A fresh reading on consumer prices headlines the week ahead as markets have been jittery about Trump policy and the path forward for inflation.

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