Steel maker stocks fall after WSJ report a deal to end tariffs on imports from Canada, Mexico was close

Steel maker stocks dropped in midday trade Friday, after The Wall Street Journal reported that U.S. trade negotiators were close to a deal with Canada and Mexico to end tariffs on steel imports. Shares of U.S. Steel Corp. X, -1.72% fell 2.7%, Nucor Corp. NUE, -3.18% shed 3.6%, Steel Dynamics Inc. STLD, -2.68% gave up 2.9% and ArcelorMittal MT, -2.61% slid 3.4%. Meanwhile, the S&P 500 SPX, -0.09% was down just 0.2%. Among aluminum companies, Alcoa Corp.'s stock AA, -2.22% fell 1.

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Mnuchin Says U.S. Close to Resolving Steel Tariffs With Mexico and CanadaTreasury Secretary Steven Mnuchin said negotiators are likely to travel to Beijing soon to continue talks with China and signaled that disputes with two other trading partners are close to being resolved. 🤣🤣🤣🤣🤣yea. Sure How are those tax returns coming? Because tariffs are what stupid people use to solve complex problems that they are not intelligent enough to comprehend. Ain't no other president dumber than this one, and he'll keep that record until the end of time.
Source: WSJ - 🏆 98. / 63 Read more »