Stocks to Watch as Trump Announces 25% Tariffs on Steel & Aluminum

The industrial products and basic materials sectors saw a nice spike today, particularly among U.S. stocks as their foreign counterparts fell on news of President Trump’s plan to implement a 25% tariff on imported steel and aluminum.  Along with the likelihood of higher commodity prices, U.S. manufacturers will benefit from increased demand for domestically produced metals with Trump’s tariffs making it more expensive for foreign producers. Nucor’s Market Dominance:  As the largest steel producer in the Uni ...