Shares of Metals Companies Are Trading Higher Following President Trump's Decision to Implement a 90-day Pause on Reciprocal Tariffs for All Countries Except China.
Express News | Shares of Metals Companies Are Trading Higher Following President Trump's Decision to Implement a 90-day Pause on Reciprocal Tariffs for All Countries Except China
BofA Securities Downgrades Gerdau(GGB.US) to Hold Rating, Cuts Target Price to $3.1
Gerdau Downgraded to Neutral From Buy at BofA
The USA has excluded Steel, Aluminum, and Gold from reciprocal tariffs to alleviate cost pressure on domestic enterprises.
The White House stated that Steel and Aluminum imported products will not be affected by reciprocal tariffs, which will provide some buffer for domestic buyers in the USA.
Trump announced the implementation of "reciprocal tariff" measures, and several trade partners stated they would take countermeasures.
On April 2, the president of the USA, Trump, signed two executive orders announcing a 10% "minimum benchmark tariff" on all trade partners and imposed higher tariffs on several trade partners; The benchmark tariff rate will take effect at midnight on April 5, and reciprocal tariffs will take effect at midnight on April 9; Several trade partners have stated that they will take countermeasures, and the EU and Canada have already formulated counter plans.
