President Donald Trump said Thursday that he’ll sign an order that increases U.S. tariffs to the rates other countries charge on imports. Trump posted on his social media site, Truth Social: “Three great weeks, perhaps the best ever, but today is the big one: Reciprocal tariffs! Make America Great Again!” Publicly traded companies in the steel space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X). Companies in the aluminum space include Alcoa (AA) and Century Aluminum (CENX).
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