USTR Releases 2026 National Trade Estimate Report

USTR noticeStatementPublished 03/31Open the original

Summary

USTR submits the 2026 National Trade Estimate Report to the President and Congress, detailing significant foreign trade barriers to U.S. exports and the administration's response.

By industry

Tariffs & Reshoring1 trading day+0.9%p15 stocks5 trading days+0.1%p15 stocks20 trading days+4.2%p15 stocks
“using tariffs and brokering deals to open markets abroad”

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
26/03/30	0.0%	0.0%
26/03/31	+4.2%	+3.3%
26/04/01	+7.1%	+3.9%
26/04/02	+6.3%	+4.0%
26/04/06	+6.1%	+4.5%
26/04/07	+7.0%	+6.9%
26/04/08	+11.4%	+7.1%
26/04/09	+12.8%	+7.8%
26/04/10	+13.7%	+7.8%
26/04/13	+14.8%	+8.9%
26/04/14	+13.4%	+10.2%
26/04/15	+12.3%	+11.0%
26/04/16	+10.9%	+11.3%
26/04/17	+12.4%	+12.7%
26/04/20	+13.9%	+12.6%
26/04/21	+13.8%	+12.1%
26/04/22	+15.6%	+12.7%
26/04/23	+14.0%	+12.5%
26/04/24	+16.4%	+13.2%
26/04/27	+18.1%	+13.6%
26/04/28	+17.2%	+13.0%

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.

Glencore International10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
Greg CreedDirector
BuyWhirlpool
Buy
Whirlpool
WHR
$198.8K
3,305 sh
$198.8K
Filed 03/04
Traded 03/03
Keith HarveyPresident & CEO
SellKaiser Aluminum
Sell
Kaiser Aluminum
KALU
$8.2M
47,001 sh
$8.2M
Filed 04/29
Traded 04/27
Leon J. TopalianChair and CEO
SellNucor
Sell
Nucor
NUE
$1M
6,454 sh
$1M
Filed 03/25
Traded 03/23
Neal E. WestEVP & CFO
SellKaiser Aluminum
Sell
Kaiser Aluminum
KALU
$866.5K
5,000 sh
$866.5K
Filed 04/29
Traded 04/28
Peter A. TrpkovskiEVP, CFO
SellCentury Aluminum
Sell
Century Aluminum
CENX
$845.5K
16,739 sh
$845.5K
Filed 03/27
Traded 03/25
Jesse E. GaryPresident and CEO
Sell10b5-1 planCentury Aluminum
Sell10b5-1 plan
Century Aluminum
CENX
$8.3M
150,000 sh
$8.3M
Filed 03/17
Traded 03/16
Leon J. TopalianChair and CEO
SellNucor
Sell
Nucor
NUE
$819.5K
5,046 sh
$819.5K
Filed 03/25
Traded 03/23
David A. SumoskiEVP
SellNucor
Sell
Nucor
NUE
$7.4M
32,824 sh
$7.4M
Filed 05/04
Traded 04/30
Arthur AjemyanSVP, CFO
SellReliance
Sell
Reliance
RS
$651.6K
1,822 sh
$651.6K
Filed 04/28
Traded 04/27
Arthur AjemyanSVP, CFO
SellReliance
Sell
Reliance
RS
$575.3K
1,604 sh
$575.3K
Filed 04/28
Traded 04/27
Keith HarveyPresident & CEO
SellKaiser Aluminum
Sell
Kaiser Aluminum
KALU
$524.8K
3,031 sh
$524.8K
Filed 05/01
Traded 04/29
Alan ArmstrongSenator · Republican · OK
BuyNucor
Buy
Nucor
NUE
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
Alan ArmstrongSenator · Republican · OK
BuySteel Dynamics
Buy
Steel Dynamics
STLD
$1K–$15K
Self
$1K–$15K
Reported 07/21
Traded 03/27
Brett WilcoxDirector
SellKaiser Aluminum
Sell
Kaiser Aluminum
KALU
$2.6M
15,000 sh
$2.6M
Filed 04/29
Traded 04/27
William A. Smith IISVP, General Counsel, Corp Sec
SellReliance
Sell
Reliance
RS
$1.5M
4,908 sh
$1.5M
Filed 03/10
Traded 03/09
Kenneth W. CornewDirector
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$1.1M
4,800 sh
$1.1M
Filed 04/24
Traded 04/23
Kenneth L. CallowaySVP, Human Resources
SellCentury Aluminum
Sell
Century Aluminum
CENX
$1M
18,000 sh
$1M
Filed 03/13
Traded 03/12
Miguel AlvarezSVP
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$861K
3,825 sh
$861K
Filed 04/24
Traded 04/23
David J. MorehouseDirector
SellAti
Sell
Ati
ATI
$822.7K
5,324 sh
$822.7K
Filed 03/11
Traded 03/09