2 Steel Stocks Soaring as Trump Moves to Double Tariffs

Cleveland-Cliffs Inc (NYSE:CLF) and Steel Dynamics Inc (NASDAQ:STLD) shares are surging today, after President Donald Trump announced plans over the weekend to double steel tariffs to 50% from 25%, effective Wednesday. The move added to global trade tensions weighing on the broader market today. CLF is up 27.8% to trade at $7.43 at last check, set to snap a seven-day losing streak with its best single-day percentage gain since 2016. The stock is bouncing off Friday's four-year low of$5.63 as it tests resis ...