|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||46.74 - 47.92|
|52 Week Range||29.55 - 57.50|
|PE Ratio (TTM)||40.72|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Donald Trump holding his meeting with steel and aluminum industry workers - he's of course promised tariffs but there are some potential carve-outs
Two people were shot dead on Wednesday during riots in the capital of Guinea as authorities clashed with anti-government protesters, a senior police source said. The circumstances of the two civilian deaths were not yet clear, but they occurred in the Wanindara suburb of Conakry where police and gendarmes had clashed with protesters and dispersed crowds with tear gas, witnesses said. A government spokesman was not immediately available to comment on the demonstrations in Africa's top producer of bauxite where political violence frequently occurs.
In the heart of America's diminished steel country, support for President Donald Trump's tariffs on imports is broad and bipartisan. It is tempered, though, by a strong streak of realism.
President Trump has imposed a flat tariff of 25% on all steel imports and 10% on aluminum imports (AA). The tariffs would be in addition to any trade barriers already in place. Trump has also left the door open for more exemptions in the future.
President Trump has imposed a global tariff on steel and aluminum imports in a bid to support US steel and aluminum producers. While the tariffs triggered a buying spree in steel stocks (NUE), aluminum producers’ price action was mixed. Century Aluminum (CENX) rose 8.3% that day, and Alcoa (AA) closed at a marginal loss.
Opposition supporters in Guinea protested and erected barricades in the capital Conakry and the mining towns of Boke and Kamsar on Tuesday, disrupting some shipments of the aluminium ore bauxite, a Reuters witness and industry officials said. The unrest sparked by a row over local elections held in February has paralysed much of Conakry since protests erupted on Monday.
President Trump has imposed a tariff of 10% on all aluminum imports. President Trump has left the door open for more exemptions. US aluminum producers have had a mixed response to President Trump’s tariffs.
The US steel industry’s capacity utilization ratio was 72.3% last year. The aluminum industry’s capacity utilization ratio was even lower at 43%, according to the Department of Commerce. Looking at aluminum, US aluminum production and the capacity utilization rate fell.
President Trump formalized a blanket tariff of 25% on all steel imports and 10% on all aluminum imports. Canada exports the most steel to the US. In the first 11 months of 2017, Canada accounted for 16% of the US steel imports (X) (AKS). Overall, 25% of the US steel imports (MT) came from NAFTA during the same period.
President Donald Trump unveiled plans for steel and aluminum tariffs Thursday, and several Wall Street analysts weighed in on what the tariffs could mean for the market. Voices From The Street The tariffs ...
President Donald Trump believes that the United States can cut all such deals that were made over many decades because all these deals have been disadvantageous to the United States. The problem with this view is that these trade deals were not disadvantageous to the United States. President Trump reasons that the United States can walk away from trade deals and impose tariffs by claiming that the imports being targeted pose a threat to national security.
U.S. President Donald Trump pressed ahead on Thursday with import tariffs of 25 percent on steel and 10 percent for aluminum but exempted Canada and Mexico and offered the possibility of excluding other allies, backtracking from an earlier "no-exceptions" stance. Describing the dumping of steel and aluminum in the U.S. market as "an assault on our country," Trump said in a White House announcement that the best outcome would for companies to move their mills and smelters to the United States.
President Donald Trump pressed ahead with the imposition of 25 percent tariffs on steel imports and 10 percent for aluminium on Thursday but exempted Canada and Mexico, backtracking from earlier pledges of tariffs on all countries.
President Donald Trump’s announcement about tariffs on steel (SLX) and aluminum (AA) imports shouldn’t come as a surprise, as he’s been on this path since taking office last year. One of the first trade policy actions from the Trump administration was to withdraw from the Trans-Pacific Partnership, which would have created the largest economic block. Then there’s the North American Free Trade Agreement (or NAFTA) involving Canada (EWC) and Mexico (EWW), which the Trump administration is trying to renegotiate.
Financial markets across the globe received another jolt from the US president even before they could completely recover from the rise in volatility that was witnessed at the beginning of February. President Donald Trump seems to be working toward his promise to put America first, announcing that he will introduce tariffs of 25% and 10% on imports of steel and aluminum, respectively. President Trump said that US steel (SLX) and aluminum industry players such as Alcoa (AA) and Newmont Mining (NEM) need support to return to their past glory.
A letter from 107 House Republicans, including Ways and Means Chairman Kevin Brady, is asking for President Donald Trump to tailor steel and aluminum tariffs. The letter calls for exclusions of fairly ...
Continued uncertainty surrounding President Donald Trump's proposed tariffs caused U.S. steel and aluminum stocks and funds--including U.S. Steel (X), Alcoa (AA), and the S&P Metals and Mining ETF (XME)--to fluctuate on Tuesday.
U.S. aluminum producers offer alternatives to Trump's proposed 10 percent tariff on aluminum imports, including targeting China.
U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel and aluminium imports triggered threats of retaliation from trading partners and a slide in stock markets. The European Union raised the possibility of taking countermeasures, France said the duties would be unacceptable, and China urged Trump to show restraint. The S&P 500 ended another turbulent week on an upbeat note Friday but major indexes posted their worst week of losses since early February as Trump's threat to impose import tariffs on steel and aluminium rattled investors.
U.S. President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel and aluminum imports triggered threats of retaliation from trading partners and a slide in stock markets. The European Union raised the possibility of taking countermeasures, France said the duties would be unacceptable, and China urged Trump to show restraint.
T. Boone Pickens' New ETF T. Boone Pickens is a legend in the American energy industry. He has been labeled a ‘wildcatter', a financier, a takeover operator, a real-life JR Ewing, and a corporate raider. ...
World Trade Organization Director General Roberto Azevedo expressed concern at U.S. President Donald Trump's plan for tariffs on steel and aluminium on Friday, an extremely rare intervention into a WTO member's trade policy. "The WTO is clearly concerned at the announcement of U.S. plans for tariffs on steel and aluminium. The potential for escalation is real, as we have seen from the initial responses of others," he said in a brief statement issued by the WTO.