Ambassador Greer Delivers Keynote Address in Davos, Switzerland
USTR noticeStatementPublished 01/20Open the original
Summary
Ambassador Greer delivers a Davos speech describing the United States’ use of tariffs and active trade policy, and says President Trump has raised tariff rates and secured trade arrangements. He says the approach has increased GDP, reversed the trade deficit trend, and boosted wages.
By industry
- Tariffs & Reshoring1 trading day+1.7%p15 stocks5 trading days−1.2%p15 stocks20 trading days+5.0%p15 stocks
“the United States’ use of tariffs and an active trade policy to protect domestic industries”
- Korean Investment in the U.S.1 trading day+3.6%p15 stocks5 trading days+3.9%p15 stocks20 trading days+12.5%p15 stocks
“secured trade arrangements designed to reduce America’s massive global trade deficit”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 26/01/16 | 0.0% | 0.0% |
| 26/01/20 | −0.3% | −2.0% |
| 26/01/21 | +2.0% | −0.8% |
| 26/01/22 | +2.0% | −0.5% |
| 26/01/23 | +1.8% | −0.5% |
| 26/01/26 | −1.1% | +0.1% |
| 26/01/27 | −0.4% | +0.6% |
| 26/01/28 | −1.6% | +0.4% |
| 26/01/29 | −0.4% | +0.3% |
| 26/01/30 | −1.7% | −0.1% |
| 26/02/02 | +0.8% | +0.5% |
| 26/02/03 | +4.8% | −0.4% |
| 26/02/04 | +5.7% | −0.6% |
| 26/02/05 | +3.7% | −2.7% |
| 26/02/06 | +8.3% | −0.3% |
| 26/02/09 | +8.5% | +0.3% |
| 26/02/10 | +7.6% | +0.2% |
| 26/02/11 | +9.6% | +0.1% |
| 26/02/12 | +5.9% | −1.4% |
| 26/02/13 | +4.8% | −1.5% |
| 26/02/17 | +3.6% | −1.3% |
Korean stocks in these industries
- Hyundai Steel 004020
- POSCO Holdings 005490
- SeAH Steel Holdings 003030
- Hyundai Motor Company 005380
- Samsung Electronics 005930
- SK hynix 000660
- LG Energy Solution 373220
- Hanwha Ocean 042660
- Korea Zinc 010130
Trades in these industries around the announcement
Members' and insiders' trades in the industries' stocks, 30 days before to 30 days after.
- William Clay Ford Jr.
BuyFord Motor
BuyFord Motor
F
$1.9M
140,000 sh
$1.9M
Filed 02/23
Traded 02/19
- John T. Kim
SellAmkor Technology
SellAmkor Technology
AMKR
$484.9M
10,000,000 sh
$484.9M
Filed 02/17
Traded 02/12
- 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
- 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
- 915 Investments
SellAmkor Technology
SellAmkor Technology
AMKR
$484.9M
10,000,000 sh
$484.9M
Filed 02/17
Traded 02/12
- Mark L. Reuss
Sell10b5-1 planGeneral Motors
Sell10b5-1 planGeneral Motors
GM
$20.1M
249,567 sh
$20.1M
Filed 02/18
Traded 02/17
- Mark L. Reuss
Sell10b5-1 planGeneral Motors
Sell10b5-1 planGeneral Motors
GM
$11.9M
147,569 sh
$11.9M
Filed 02/18
Traded 02/17
- 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
- Mark L. Reuss
Sell10b5-1 planGeneral Motors
Sell10b5-1 planGeneral Motors
GM
$6.6M
82,489 sh
$6.6M
Filed 02/18
Traded 02/17
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$4.2M
28,724 sh
$4.2M
Filed 02/19
Traded 02/17
- Thomas Kean
Full saleGeneral Motors
Full saleGeneral Motors
GM
$1K–$15K
Self
$1K–$15K
Reported 02/19
Traded 01/07
- Kevin K. Engel
SellAmkor Technology
SellAmkor Technology
AMKR
$244.7K
5,316 sh
$244.7K
Filed 02/18
Traded 02/17
- Clifford T. Smith
SellCleveland-Cliffs
SellCleveland-Cliffs
CLF
$2.1M
200,000 sh
$2.1M
Filed 02/18
Traded 02/17
- Jennifer J. Durbin
SellCommercial Metals
SellCommercial Metals
CMC
$2M
25,050 sh
$2M
Filed 02/04
Traded 02/03
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.8M
12,435 sh
$1.8M
Filed 02/19
Traded 02/17
- Robert S. Wetherbee
Sell10b5-1 planAti
Sell10b5-1 planAti
ATI
$1.5M
10,438 sh
$1.5M
Filed 02/19
Traded 02/10
- Kenneth Rex Query
SellNucor
SellNucor
NUE
$1.5M
7,452 sh
$1.5M
Filed 02/13
Traded 02/11