Fact Sheet: President Donald J. Trump Increases Section 232 Tariffs on Steel and Aluminum

Fact sheetTariff raisedPublished 25/06/03Open the original

Summary

President Trump signs a proclamation raising the Section 232 tariff on steel and aluminum imports from 25% to 50%, effective June 4, 2025. Imports from the United Kingdom stay at 25%, and the tariff applies only to the steel and aluminum content of products.

By industry

Tariffs & Reshoring1 trading day+1.6%p15 stocks5 trading days+3.2%p15 stocks20 trading days+5.5%p15 stocks
“President Trump is raising the tariff on steel and aluminum imports from 25% to 50%”

Day by day after the announcement

Tariffs & Reshoring stocks and the S&P 500 after the announcement, cumulative %
Day	Tariffs & Reshoring stocks	S&P 500
25/06/02	0.0%	0.0%
25/06/03	+2.0%	+0.5%
25/06/04	+2.4%	+0.5%
25/06/05	+1.3%	−0.1%
25/06/06	+2.7%	+1.1%
25/06/09	+4.3%	+1.1%
25/06/10	+4.3%	+1.6%
25/06/11	+2.1%	+1.4%
25/06/12	+2.0%	+1.7%
25/06/13	+1.9%	+0.6%
25/06/16	+2.3%	+1.6%
25/06/17	+3.0%	+0.7%
25/06/18	+2.0%	+0.8%
25/06/20	+0.7%	+0.3%
25/06/23	+2.2%	+1.8%
25/06/24	+3.4%	+2.3%
25/06/25	+2.7%	+2.3%
25/06/26	+7.2%	+3.2%
25/06/27	+7.7%	+3.6%
25/06/30	+7.6%	+4.1%
25/07/01	+9.7%	+4.1%

Korean stocks in these industries

Hyundai Steel 004020
POSCO Holdings 005490
SeAH Steel Holdings 003030

Trades in these industries around the announcement

Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.

Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$4.1M
50,000 sh
$4.1M
Filed 25/06/05
Traded 25/06/03
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$3.4M
45,359 sh
$3.4M
Filed 25/05/22
Traded 25/05/20
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$2.2M
25,531 sh
$2.2M
Filed 25/06/16
Traded 25/06/12
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$1.8M
26,416 sh
$1.8M
Filed 25/05/08
Traded 25/05/06
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$1.6M
23,584 sh
$1.6M
Filed 25/05/08
Traded 25/05/06
James D. DeeSVP, Gen Counsel & Sec
SellCarpenter Technology
Sell
Carpenter Technology
CRS
$1.2M
5,000 sh
$1.2M
Filed 25/05/21
Traded 25/05/19
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$1.1M
13,105 sh
$1.1M
Filed 25/06/16
Traded 25/06/12
Miguel AlvarezSVP
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$1M
7,495 sh
$1M
Filed 25/05/20
Traded 25/05/20
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$958K
11,364 sh
$958K
Filed 25/06/16
Traded 25/06/12
Kenneth Rex QueryEVP
SellNucor
Sell
Nucor
NUE
$924.3K
7,088 sh
$924.3K
Filed 25/06/30
Traded 25/06/26
Daniel R. NeedhamEVP
SellNucor
Sell
Nucor
NUE
$906.3K
7,088 sh
$906.3K
Filed 25/06/26
Traded 25/06/24
James D. GrahamEVP Chief Legal Admin & Sec
SellCleveland-Cliffs
Sell
Cleveland-Cliffs
CLF
$822K
120,000 sh
$822K
Filed 25/05/23
Traded 25/05/23
Kenneth Rex QueryEVP
SellNucor
Sell
Nucor
NUE
$379.4K
2,912 sh
$379.4K
Filed 25/06/30
Traded 25/06/26
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$352.8K
4,641 sh
$352.8K
Filed 25/05/22
Traded 25/05/06
Colleen PritchettDirector
SellCarpenter Technology
Sell
Carpenter Technology
CRS
$279.9K
1,200 sh
$279.9K
Filed 25/05/23
Traded 25/05/21
Anastasios John HartDirector
SellCarpenter Technology
Sell
Carpenter Technology
CRS
$243.7K
1,000 sh
$243.7K
Filed 25/06/16
Traded 25/06/12
Gabriel ShaheenDirector
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$168.2K
1,254 sh
$168.2K
Filed 25/06/09
Traded 25/06/06
Kristine C. SyrvalinEVP General Counsel
Sell10b5-1 planMetallus
Sell10b5-1 plan
Metallus
MTUS
$120K
7,500 sh
$120K
Filed 25/07/02
Traded 25/07/02
Kristopher R. WestbrooksPresident & COO
Sell10b5-1 planMetallus
Sell10b5-1 plan
Metallus
MTUS
$64K
4,000 sh
$64K
Filed 25/07/02
Traded 25/07/02