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US Steel is surging after Mnuchin says the steel tariffs are still on for China

1 month ago   |   By Business Insider

US Steel Corporation is surging Tuesday after Treasury Secretary Steven Mnuchin said the steel and aluminum tariffs still apply to China.
On Monday, President Donald Trump said $150 billion worth of tariffs on Chinese imports would be suspended. US Steel shares fell in anticipation the steel and aluminum tariffs were included.
Watch US Steel trade in real time here.
US Steel is surging Tuesday, up 3.57%, after Treasury Secretary Steven Mnuchin said steel and aluminum tariffs will remain in place for China. The gains have erased the losses that developed on Monday after Trump said the US...
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Mnuchin: China will still be subject to tariffs on steel, aluminum

Mnuchin: China will still be subject to tariffs on steel, aluminum

1 month ago   |   By Politico

The Trump administration won't lift new tariffs on steel and aluminum from China as part of a trade deal still being worked out, Treasury Secretary Steven Mnuchin said Tuesday. "As it relates to China, the steel and aluminum tariffs will remain in force. Those were not part of our discussions," Mnuchin told the Senate Appropriations Financial Services Subcommittee. The fate of the steel tariffs was up in the air after two days of high-level U.S.-China trade talks last week. There was no reference to what would happen to the tariffs after the two countries issued a joint statement on Saturday.
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