Fact Sheet: President Donald J. Trump Imposes a Temporary Import Duty to Address Fundamental International Payment Problems

Fact sheetTariff raisedPublished 02/20Open the original

Summary

Under section 122 of the Trade Act of 1974, President Trump imposes a 10% ad valorem duty on imports for 150 days to address international payment problems, effective February 24, excluding certain critical minerals, energy, some farm goods such as beef, pharmaceuticals, certain electronics and passenger vehicles.

By industry

Tariffs & Reshoring1 trading day−1.2%p15 stocks5 trading days−2.1%p15 stocks20 trading days−10.6%p15 stocks
“The Proclamation imposes, for a period of 150 days, a 10% ad valorem import duty”

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
26/02/19	0.0%	0.0%
26/02/20	−0.5%	+0.7%
26/02/23	−1.5%	−0.3%
26/02/24	−2.7%	+0.4%
26/02/25	−1.8%	+1.5%
26/02/26	−1.9%	+0.3%
26/02/27	−3.1%	−0.0%
26/03/02	−0.9%	+0.1%
26/03/03	−3.3%	−0.8%
26/03/04	−3.0%	+0.1%
26/03/05	−5.0%	−0.6%
26/03/06	−8.2%	−1.9%
26/03/09	−8.1%	−1.4%
26/03/10	−8.0%	−1.1%
26/03/11	−6.8%	−2.0%
26/03/12	−10.1%	−2.5%
26/03/13	−12.5%	−3.2%
26/03/16	−11.6%	−2.3%
26/03/17	−11.3%	−2.1%
26/03/18	−12.2%	−3.5%
26/03/19	−14.0%	−3.4%

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.

Mark W. MarinkoSR VP, CFO
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$56.1K
9,600 sh
$56.1K
Filed 02/26
Traded 02/25
Mark W. MarinkoSR VP, CFO
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$2,332
400 sh
$2,332
Filed 02/26
Traded 02/25
Phillip Michael HardestySVP
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$71.2K
12,209 sh
$71.2K
Filed 02/26
Traded 02/25
Andrei Alexander MikhalevskyDirector
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$27.7K
5,000 sh
$27.7K
Filed 03/02
Traded 02/26
Glencore10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
Glencore10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
Glencore International10% Owner
SellCentury Aluminum
Sell
Century Aluminum
CENX
$326.8M
6,315,245 sh
$326.8M
Filed 03/04
Traded 03/04
Phillip Michael HardestySVP
BuySunCoke Energy
Buy
SunCoke Energy
SXC
$1,694
291 sh
$1,694
Filed 02/26
Traded 02/25
Scott J. KellyDirector
BuyWorthington Steel
Buy
Worthington Steel
WS
$273.8K
7,000 sh
$273.8K
Filed 01/29
Traded 01/27
Edilson CamaraDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$199.6K
19,700 sh
$199.6K
Filed 02/13
Traded 02/13
Greg CreedDirector
BuyWhirlpool
Buy
Whirlpool
WHR
$198.8K
3,305 sh
$198.8K
Filed 03/04
Traded 03/03
Lourenco GoncalvesChairman, President & CEO
SellCleveland-Cliffs
Sell
Cleveland-Cliffs
CLF
$37.3M
3,000,000 sh
$37.3M
Filed 02/11
Traded 02/11
Jon J. BowsherDirector
BuyWorthington Steel
Buy
Worthington Steel
WS
$100.4K
2,500 sh
$100.4K
Filed 02/03
Traded 01/30
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
Jesse E. GaryPresident and CEO
Sell10b5-1 planCentury Aluminum
Sell10b5-1 plan
Century Aluminum
CENX
$7.2M
150,000 sh
$7.2M
Filed 01/23
Traded 01/23
Neal E. WestEVP & CFO
SellKaiser Aluminum
Sell
Kaiser Aluminum
KALU
$608.6K
5,000 sh
$608.6K
Filed 02/25
Traded 02/23
Stephen Paul KochExec. VP, COO
SellReliance
Sell
Reliance
RS
$4.5M
13,888 sh
$4.5M
Filed 02/25
Traded 02/23
Robert S. WetherbeeExecutive Chairman
Sell10b5-1 planAti
Sell10b5-1 plan
Ati
ATI
$4.2M
28,724 sh
$4.2M
Filed 02/19
Traded 02/17
John DeZeeEVP, GC and Secretary
SellCentury Aluminum
Sell
Century Aluminum
CENX
$3.3M
66,000 sh
$3.3M
Filed 02/25
Traded 02/23
Stephen Paul KochExec. VP, COO
SellReliance
Sell
Reliance
RS
$3.3M
10,132 sh
$3.3M
Filed 02/25
Traded 02/23