Trump's tariff policy may bring benefits, U.S. steel stocks rise in pre-market trading
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Trump's tariff policy may benefit American steel producers, leading to a rise in U.S. steel stocks in pre-market trading. US Steel rose over 6%, Nucor rose nearly 11%, and Cleveland-Cliffs rose over 11%. Trump imposed a 25% tariff on imported steel in 2018, which the Biden administration revoked in 2021. If Trump is elected, he will block the deal for Nippon Steel to acquire US Steel
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