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The 3 Best Steel Stocks to Buy as Biden Talks Tripling Tariffs
AAAlcoa(AA) InvestorPlace·2024-04-19 18:49

Steel stocks have been in focus this week as President Joe Biden has shifted focus to the industry. On April 17, the White House announced plans to enact further tariffs on Chinese-imported steel. In a move intended to safeguard domestic steel and shipbuilding interests from Chinese competitors, Biden is planning to triple the tariffs levied against steel and aluminum imported from China. He recently traveled to Pittsburgh and spoke at the United Steelworkers headquarters, laying out his plans for spurring ...