Truth Social post of March 11, 2025

PostTariff raisedPublished 25/03/11Open the original

Summary

President Trump directs the Commerce Secretary to raise tariffs on Canadian steel and aluminum by an additional 25 points to 50%, effective March 12th, in response to Ontario's 25% tariff on electricity exports, warning of a substantial car tariff hike on April 2nd unless Canada also drops its dairy tariffs of up to 250% to 390%.

By industry

Tariffs & Reshoring1 trading day+2.6%p15 stocks5 trading days+3.9%p15 stocks20 trading days−4.1%p15 stocks
Batteries, EVs & the IRA1 trading day+0.4%p15 stocks5 trading days+2.7%p15 stocks20 trading days0.0%p15 stocks

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
25/03/10	0.0%	0.0%
25/03/11	+2.4%	−0.2%
25/03/12	+2.8%	+0.1%
25/03/13	+2.4%	−0.7%
25/03/14	+5.7%	+0.7%
25/03/17	+5.5%	+1.6%
25/03/18	+4.7%	+0.5%
25/03/19	+6.2%	+1.8%
25/03/20	+6.0%	+1.4%
25/03/21	+2.9%	+1.2%
25/03/24	+5.5%	+2.9%
25/03/25	+5.4%	+3.2%
25/03/26	+4.8%	+1.7%
25/03/27	+4.5%	+1.6%
25/03/28	+0.5%	−0.6%
25/03/31	+0.0%	0.0%
25/04/01	+0.1%	+0.6%
25/04/02	+2.0%	−2.5%
25/04/03	−7.5%	−3.8%
25/04/04	−13.0%	−9.4%
25/04/07	−12.7%	−8.7%

Korean stocks in these industries

Hyundai Steel 004020
POSCO Holdings 005490
SeAH Steel Holdings 003030
LG Energy Solution 373220
Samsung SDI 006400
SK Innovation 096770

Trades in these industries around the announcement

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

James R. MurdochDirector
SellTesla
Sell
Tesla
TSLA
$13.2M
54,776 sh
$13.2M
Filed 25/03/12
Traded 25/03/10
Peter R. MattPresident and CEO
BuyCommercial Metals
Buy
Commercial Metals
CMC
$294.6K
6,100 sh
$294.6K
Filed 25/03/31
Traded 25/03/27
Vaibhav TanejaCFO
SellTesla
Sell
Tesla
TSLA
$718.1K
2,672.25 sh
$718.1K
Filed 25/03/06
Traded 25/03/06
Robyn M. DenholmDirector
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$22M
73,227 sh
$22M
Filed 25/03/05
Traded 25/03/03
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$1M
4,000 sh
$1M
Filed 25/04/09
Traded 25/04/07
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$750.4K
2,500 sh
$750.4K
Filed 25/03/05
Traded 25/03/03
Robyn M. DenholmDirector
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$3.6M
12,020 sh
$3.6M
Filed 25/03/05
Traded 25/03/03
Jane M. CroninDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$105.6K
10,000 sh
$105.6K
Filed 25/02/28
Traded 25/02/28
Keith KociEVP & President, CC Services
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$102.8K
9,500 sh
$102.8K
Filed 25/02/28
Traded 25/02/28
John R. McPhersonDirector
BuyCommercial Metals
Buy
Commercial Metals
CMC
$100K
2,475 sh
$100K
Filed 25/04/07
Traded 25/04/04
Robyn M. DenholmDirector
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$2.2M
7,400 sh
$2.2M
Filed 25/03/05
Traded 25/03/03
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$178.9K
600 sh
$178.9K
Filed 25/03/05
Traded 25/03/03
Robyn M. DenholmDirector
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$1.7M
5,851 sh
$1.7M
Filed 25/03/05
Traded 25/03/03
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$119.7K
403 sh
$119.7K
Filed 25/03/05
Traded 25/03/03
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$118.2K
400 sh
$118.2K
Filed 25/03/05
Traded 25/03/03
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$113.2K
397 sh
$113.2K
Filed 25/03/05
Traded 25/03/03
John T. BaldwinDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$34.8K
4,000 sh
$34.8K
Filed 25/03/10
Traded 25/03/10
James H. LitinskyChairman and CEO
SellMP Materials
Sell
MP Materials
MP
$10.7M
396,293 sh
$10.7M
Filed 25/03/27
Traded 25/03/25
Robyn M. DenholmDirector
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$925.7K
3,070 sh
$925.7K
Filed 25/03/05
Traded 25/03/03
Vaibhav TanejaCFO
Sell10b5-1 planTesla
Sell10b5-1 plan
Tesla
TSLA
$90.5K
300 sh
$90.5K
Filed 25/03/05
Traded 25/03/03