Modifying Duties To Address Threats to the United States by the Government of the Russian Federation
Executive orderTariff cut or exemptionSigned 02/06Federal Register 02/11Executive Order 14384Open the original
Summary
Finding that India has committed to stop importing Russian oil and taken other steps, President Trump eliminates the additional 25 percent duty on products of India imposed by Executive Order 14329, effective February 7, 2026, with refunds processed under standard procedures.
By industry
- Tariffs & Reshoring1 trading day+2.0%p15 stocks5 trading days+0.7%p15 stocks20 trading days−8.7%p15 stocks
“I have determined to eliminate the additional ad valorem rate of duty imposed on imports of articles of India”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/02/05 | 0.0% | 0.0% |
| 26/02/06 | +4.5% | +2.6% |
| 26/02/09 | +4.7% | +3.1% |
| 26/02/10 | +3.8% | +3.0% |
| 26/02/11 | +5.7% | +2.9% |
| 26/02/12 | +2.2% | +1.4% |
| 26/02/13 | +1.0% | +1.3% |
| 26/02/17 | −0.1% | +1.4% |
| 26/02/18 | +0.1% | +1.9% |
| 26/02/19 | −0.9% | +1.7% |
| 26/02/20 | −1.4% | +2.5% |
| 26/02/23 | −2.3% | +1.5% |
| 26/02/24 | −3.5% | +2.1% |
| 26/02/25 | −2.6% | +3.2% |
| 26/02/26 | −2.6% | +2.0% |
| 26/02/27 | −3.8% | +1.7% |
| 26/03/02 | −1.8% | +1.8% |
| 26/03/03 | −4.2% | +0.9% |
| 26/03/04 | −3.8% | +1.9% |
| 26/03/05 | −5.9% | +1.1% |
| 26/03/06 | −8.8% | −0.1% |
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.
- Mark W. Marinko
BuySunCoke Energy
BuySunCoke Energy
SXC
$56.1K
9,600 sh
$56.1K
Filed 02/26
Traded 02/25
- Mark W. Marinko
BuySunCoke Energy
BuySunCoke Energy
SXC
$2,332
400 sh
$2,332
Filed 02/26
Traded 02/25
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$71.2K
12,209 sh
$71.2K
Filed 02/26
Traded 02/25
- Andrei Alexander Mikhalevsky
BuySunCoke Energy
BuySunCoke Energy
SXC
$27.7K
5,000 sh
$27.7K
Filed 03/02
Traded 02/26
- Glencore
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Glencore International
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Glencore
SellCentury Aluminum
SellCentury Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
- Phillip Michael Hardesty
BuySunCoke Energy
BuySunCoke Energy
SXC
$1,694
291 sh
$1,694
Filed 02/26
Traded 02/25
- Scott J. Kelly
BuyWorthington Steel
BuyWorthington Steel
WS
$273.8K
7,000 sh
$273.8K
Filed 01/29
Traded 01/27
- Edilson Camara
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$199.6K
19,700 sh
$199.6K
Filed 02/13
Traded 02/13
- Greg Creed
BuyWhirlpool
BuyWhirlpool
WHR
$198.8K
3,305 sh
$198.8K
Filed 03/04
Traded 03/03
- Dennis V. Arriola
BuyCommercial Metals
BuyCommercial Metals
CMC
$149.4K
2,000 sh
$149.4K
Filed 01/22
Traded 01/20
- Lourenco Goncalves
SellCleveland-Cliffs
SellCleveland-Cliffs
CLF
$37.3M
3,000,000 sh
$37.3M
Filed 02/11
Traded 02/11
- Jon J. Bowsher
BuyWorthington Steel
BuyWorthington Steel
WS
$100.4K
2,500 sh
$100.4K
Filed 02/03
Traded 01/30
- Jesse E. Gary
Sell10b5-1 planCentury Aluminum
Sell10b5-1 planCentury Aluminum
CENX
$7.2M
150,000 sh
$7.2M
Filed 01/23
Traded 01/23
- Neal E. West
SellKaiser Aluminum
SellKaiser Aluminum
KALU
$608.6K
5,000 sh
$608.6K
Filed 02/25
Traded 02/23
- Stephen Paul Koch
SellReliance
SellReliance
RS
$4.5M
13,888 sh
$4.5M
Filed 02/25
Traded 02/23
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$4.2M
28,724 sh
$4.2M
Filed 02/19
Traded 02/17
- John DeZee
SellCentury Aluminum
SellCentury Aluminum
CENX
$3.3M
66,000 sh
$3.3M
Filed 02/25
Traded 02/23
- Stephen Paul Koch
SellReliance
SellReliance
RS
$3.3M
10,132 sh
$3.3M
Filed 02/25
Traded 02/23