Fact Sheet: President Donald J. Trump Updates Tariffs on Steel, Aluminum, and Copper Imports

Fact sheetTariff raisedPublished 06/01Open the original

Summary

President Trump adjusts tariffs on steel, aluminum and copper-related goods, cutting some agricultural and other equipment tariffs from 25% to 15% and expanding the 15% tariff category for certain mobile industrial equipment from trade deal countries. It also allows a 10% duty rate for capital equipment with at least 85% U.S. melted and poured or smelted and cast steel or aluminum, through December 31, 2027.

By industry

Tariffs & Reshoring1 trading day+0.4%p15 stocks5 trading days+1.7%p15 stocks20 trading days−5.5%p15 stocks
“adjusting certain metals tariffs to more effectively address national security threats”
Semiconductors & CHIPS Act1 trading day+0.2%p15 stocks5 trading days−3.0%p15 stocks20 trading days+9.7%p15 stocks
“including imposing tariffs and directing negotiations with trading partners covering a variety of goods, including steel, aluminum, copper, trucks and automobiles, timber, lumber, semiconductors, critical minerals, and pharmaceuticals.”
Healthcare & Drug Pricing1 trading day−1.5%p15 stocks5 trading days+5.6%p15 stocks20 trading days+8.5%p15 stocks
“including imposing tariffs and directing negotiations with trading partners covering a variety of goods, including steel, aluminum, copper, trucks and automobiles, timber, lumber, semiconductors, critical minerals, and pharmaceuticals.”

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
26/05/29	0.0%	0.0%
26/06/01	+0.5%	+0.1%
26/06/02	+3.6%	+0.5%
26/06/03	+2.4%	−0.7%
26/06/04	+2.7%	−0.0%
26/06/05	−1.0%	−2.7%
26/06/08	−0.7%	−2.3%
26/06/09	+0.4%	−2.6%
26/06/10	−1.7%	−4.2%
26/06/11	+3.8%	−2.2%
26/06/12	+4.4%	−1.8%
26/06/15	+1.4%	−0.3%
26/06/16	+0.3%	−0.7%
26/06/17	−1.3%	−1.8%
26/06/18	−2.3%	−1.1%
26/06/22	−2.8%	−1.6%
26/06/23	−5.2%	−2.9%
26/06/24	−5.8%	−2.5%
26/06/25	−3.9%	−2.9%
26/06/26	−5.1%	−3.3%
26/06/29	−7.5%	−2.0%

Korean stocks in these industries

Hyundai Steel 004020
POSCO Holdings 005490
SeAH Steel Holdings 003030
Samsung Electronics 005930
SK hynix 000660
SKC 011790
Samsung Biologics 207940
Celltrion 068270
SK Biopharmaceuticals 326030

Trades in these industries around the announcement

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

Mark A. StevensDirector
SellNvidia
Sell
Nvidia
NVDA
$119M
565,615 sh
$119M
Filed 06/23
Traded 06/18
Mark A. StevensDirector
SellNvidia
Sell
Nvidia
NVDA
$111.2M
500,000 sh
$111.2M
Filed 06/04
Traded 06/02
Mark A. StevensDirector
SellNvidia
Sell
Nvidia
NVDA
$88.1M
400,000 sh
$88.1M
Filed 06/04
Traded 06/04
Mark A. StevensDirector
SellNvidia
Sell
Nvidia
NVDA
$67M
319,385 sh
$67M
Filed 06/23
Traded 06/18
Nancy PelosiRepresentative · Democrat · CA
BuyIntel
Buy
Intel
INTC
$1M–$5M
Spouse
$1M–$5M
Reported 06/23
Traded 05/29
Gary E. DickersonPresident and CEO
SellApplied Materials
Sell
Applied Materials
AMAT
$9.3M
15,755 sh
$9.3M
Filed 06/17
Traded 06/16
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$9.3M
20,776 sh
$9.3M
Filed 05/15
Traded 05/13
Gary E. DickersonPresident and CEO
SellApplied Materials
Sell
Applied Materials
AMAT
$8.1M
13,505 sh
$8.1M
Filed 06/17
Traded 06/16
Mark A. StevensDirector
SellNvidia
Sell
Nvidia
NVDA
$21.8M
100,000 sh
$21.8M
Filed 06/04
Traded 06/04
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$6.7M
15,050 sh
$6.7M
Filed 05/15
Traded 05/13
Gary E. DickersonPresident and CEO
SellApplied Materials
Sell
Applied Materials
AMAT
$6.7M
11,273 sh
$6.7M
Filed 06/17
Traded 06/15
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$6.6M
14,458 sh
$6.6M
Filed 06/12
Traded 06/10
Gary E. DickersonPresident and CEO
SellApplied Materials
Sell
Applied Materials
AMAT
$6.2M
10,411 sh
$6.2M
Filed 06/17
Traded 06/16
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$5.8M
12,862 sh
$5.8M
Filed 06/12
Traded 06/10
Gary E. DickersonPresident and CEO
SellApplied Materials
Sell
Applied Materials
AMAT
$5.4M
9,186 sh
$5.4M
Filed 06/17
Traded 06/16
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$5.3M
11,980 sh
$5.3M
Filed 05/15
Traded 05/13
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$5M
11,167 sh
$5M
Filed 05/15
Traded 05/13
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$4.6M
10,274 sh
$4.6M
Filed 05/15
Traded 05/13
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$4.3M
9,392 sh
$4.3M
Filed 06/12
Traded 06/10
Lisa T. SuChair, President & CEO
Sell10b5-1 planAdvanced Micro Devices
Sell10b5-1 plan
Advanced Micro Devices
AMD
$3.9M
8,782 sh
$3.9M
Filed 05/15
Traded 05/13