Steel Products
March 1, 2018
Trump Non-Announcement Announcement Spooks Stock Market & Steel Buyers
Written by John Packard
The White House announced that it would be formally announcing the remedies under Section 232 on steel and aluminum this morning. Then they said no, there would not be an announcement this week. Shortly after that information was shared by the White House, President Trump was asked a question…
SMU advice to steel buyers: Do not panic. Do not over-read or believe the hype that is going to be associated with President Trump’s words of earlier today when he told reporters that foreign steel will be hit with a 25 percent duty and aluminum with a 10 percent duty. The words came with no details and the devil is in the details.
