Truth Social post of February 2, 2026

PostTariff cut or exemptionPublished 02/02Open the original

Summary

President Trump says he agreed with Indian PM Modi to lower the US reciprocal tariff on India from 25% to 18%, while India will cut its tariffs to zero and buy over $500 billion of US energy, technology, agricultural and coal products.

By industry

Tariffs & Reshoring1 trading day+1.9%p15 stocks5 trading days+10.4%p15 stocks20 trading days+4.6%p15 stocks
Energy & LNG1 trading day−4.6%p15 stocks5 trading days−1.4%p15 stocks20 trading days+6.6%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
26/01/30	0.0%	0.0%
26/02/02	+2.5%	+0.6%
26/02/03	+6.7%	−0.3%
26/02/04	+7.5%	−0.6%
26/02/05	+5.5%	−2.7%
26/02/06	+10.2%	−0.2%
26/02/09	+10.5%	+0.4%
26/02/10	+9.5%	+0.3%
26/02/11	+11.5%	+0.1%
26/02/12	+7.8%	−1.3%
26/02/13	+6.7%	−1.4%
26/02/17	+5.5%	−1.3%
26/02/18	+5.7%	−0.8%
26/02/19	+4.6%	−1.0%
26/02/20	+4.2%	−0.3%
26/02/23	+3.2%	−1.3%
26/02/24	+2.0%	−0.6%
26/02/25	+2.9%	+0.4%
26/02/26	+2.9%	−0.7%
26/02/27	+1.6%	−1.0%
26/03/02	+3.7%	−0.9%

Korean stocks in these industries

Hyundai Steel 004020
POSCO Holdings 005490
SeAH Steel Holdings 003030
Korea Gas Corporation 036460
POSCO International 047050
SK Innovation 096770
Samsung Heavy Industries 010140

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
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
Jeffrey A. JewellExecutive V.P., CFO
BuyDT Midstream
Buy
DT Midstream
DTM
$25.2K
185 sh
$25.2K
Filed 02/25
Traded 02/25
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
Dennis V. ArriolaDirector
BuyCommercial Metals
Buy
Commercial Metals
CMC
$149.4K
2,000 sh
$149.4K
Filed 01/22
Traded 01/20
Lourenco GoncalvesChairman, President & CEO
SellCleveland-Cliffs
Sell
Cleveland-Cliffs
CLF
$37.3M
3,000,000 sh
$37.3M
Filed 02/11
Traded 02/11
Matthew GallagherDirector
BuyExpand Energy
Buy
Expand Energy
EXE
$100.7K
1,000 sh
$100.7K
Filed 02/19
Traded 02/19
Jon J. BowsherDirector
BuyWorthington Steel
Buy
Worthington Steel
WS
$100.4K
2,500 sh
$100.4K
Filed 02/03
Traded 01/30
William A. SmithDirector
BuyKinder Morgan
Buy
Kinder Morgan
KMI
$89.3K
3,000 sh
$89.3K
Filed 02/03
Traded 02/02
Mark ScucchiEVP & CFO
SellRange Resources
Sell
Range Resources
RRC
$1.2M
30,000 sh
$1.2M
Filed 03/04
Traded 03/02
Jeremy KnopCFO
SellEQT
Sell
EQT
EQT
$1.2M
20,000 sh
$1.2M
Filed 03/03
Traded 02/27
Fory MusserSenior VP, Development
SellVenture Global
Sell
Venture Global
VG
$10.9M
1,000,000 sh
$10.9M
Filed 03/04
Traded 03/04
Fory MusserSenior VP, Development
SellVenture Global
Sell
Venture Global
VG
$10.9M
1,000,000 sh
$10.9M
Filed 03/04
Traded 03/04
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