Defending American Companies and Innovators From Overseas Extortion and Unfair Fines and Penalties
MemorandumStatementSigned 25/02/21Federal Register 25/02/26Open the original
Summary
President Trump makes it policy to respond, including with tariffs, when foreign governments impose discriminatory or disproportionate fines, penalties, taxes or regulations on American companies, considering discriminatory taxes and regulations and practices that jeopardize intellectual property.
By industry
- Tariffs & Reshoring1 trading day−2.4%p15 stocks5 trading days−0.8%p15 stocks20 trading days−0.9%p15 stocks
“my Administration will act, imposing tariffs and taking such other responsive actions”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/02/20 | 0.0% | 0.0% |
| 25/02/21 | −4.0% | −1.6% |
| 25/02/24 | −3.9% | −2.1% |
| 25/02/25 | −3.6% | −2.4% |
| 25/02/26 | −4.2% | −2.4% |
| 25/02/27 | −4.8% | −4.0% |
| 25/02/28 | −5.1% | −2.7% |
| 25/03/03 | −8.0% | −4.1% |
| 25/03/04 | −10.3% | −4.8% |
| 25/03/05 | −8.4% | −4.5% |
| 25/03/06 | −9.2% | −5.9% |
| 25/03/07 | −9.1% | −5.7% |
| 25/03/10 | −13.2% | −8.6% |
| 25/03/11 | −11.2% | −8.7% |
| 25/03/12 | −11.0% | −8.4% |
| 25/03/13 | −11.4% | −9.2% |
| 25/03/14 | −8.6% | −7.9% |
| 25/03/17 | −8.7% | −7.1% |
| 25/03/18 | −9.3% | −8.1% |
| 25/03/19 | −8.1% | −6.9% |
| 25/03/20 | −8.2% | −7.3% |
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.
- Peter R. Matt
BuyCommercial Metals
BuyCommercial Metals
CMC
$294.6K
6,100 sh
$294.6K
Filed 25/03/31
Traded 25/03/27
- Jane M. Cronin
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$105.6K
10,000 sh
$105.6K
Filed 25/02/28
Traded 25/02/28
- Keith Koci
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$102.8K
9,500 sh
$102.8K
Filed 25/02/28
Traded 25/02/28
- John T. Baldwin
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$34.8K
4,000 sh
$34.8K
Filed 25/03/10
Traded 25/03/10
- Karla R. Lewis
SellReliance
SellReliance
RS
$3.6M
12,114 sh
$3.6M
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$3.4M
11,317 sh
$3.4M
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$1.5M
4,790 sh
$1.5M
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$342.1K
1,135 sh
$342.1K
Filed 25/02/25
Traded 25/02/24
- Glenn Pushis
SellSteel Dynamics
SellSteel Dynamics
STLD
$3.2M
23,649 sh
$3.2M
Filed 25/02/12
Traded 25/02/11
- Karla R. Lewis
SellReliance
SellReliance
RS
$295.3K
970 sh
$295.3K
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$244.9K
810 sh
$244.9K
Filed 25/02/25
Traded 25/02/24
- Viola L. Acoff
SellCarpenter Technology
SellCarpenter Technology
CRS
$807.3K
4,000 sh
$807.3K
Filed 25/03/06
Traded 25/03/04
- Tina Killough Busch
SellAti
SellAti
ATI
$657.5K
9,900 sh
$657.5K
Filed 25/02/07
Traded 25/02/06
- Robert F. Hoffman
SellCentury Aluminum
SellCentury Aluminum
CENX
$101.2K
5,000 sh
$101.2K
Filed 25/03/24
Traded 25/03/20
- Robert F. Hoffman
SellCentury Aluminum
SellCentury Aluminum
CENX
$50K
2,500 sh
$50K
Filed 25/03/18
Traded 25/03/14