Amendment to Duties To Address the Flow of Illicit Drugs Across Our Northern Border
Executive orderTariff cut or exemptionSigned 25/03/06Federal Register 25/03/11Executive Order 14231Open the original
Summary
President Trump exempts goods of Canada that enter duty-free under the USMCA from the additional duties of Executive Order 14193 and cuts the duty on other potash from 25 percent to 10 percent, effective March 7, 2025.
By industry
- Tariffs & Reshoring1 trading day+0.7%p15 stocks5 trading days+1.4%p15 stocks20 trading days+3.2%p15 stocks
“shall not be subject to the additional ad valorem rate of duty described in section 2(a) or section 2(b) of Executive Order 14193”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/03/05 | 0.0% | 0.0% |
| 25/03/06 | −0.8% | −1.5% |
| 25/03/07 | −0.6% | −1.3% |
| 25/03/10 | −5.2% | −4.3% |
| 25/03/11 | −3.0% | −4.5% |
| 25/03/12 | −2.7% | −4.2% |
| 25/03/13 | −3.2% | −5.0% |
| 25/03/14 | −0.1% | −3.6% |
| 25/03/17 | −0.2% | −2.7% |
| 25/03/18 | −0.9% | −3.8% |
| 25/03/19 | +0.5% | −2.6% |
| 25/03/20 | +0.3% | −3.0% |
| 25/03/21 | −2.7% | −3.1% |
| 25/03/24 | −0.2% | −1.5% |
| 25/03/25 | −0.3% | −1.2% |
| 25/03/26 | −0.8% | −2.6% |
| 25/03/27 | −1.1% | −2.7% |
| 25/03/28 | −4.9% | −4.9% |
| 25/03/31 | −5.3% | −4.3% |
| 25/04/01 | −5.3% | −3.8% |
| 25/04/02 | −3.4% | −6.6% |
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.
- Peter R. Matt
BuyCommercial Metals
BuyCommercial Metals
CMC
$294.6K
6,100 sh
$294.6K
Filed 25/03/31
Traded 25/03/27
- Jane M. Cronin
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$105.6K
10,000 sh
$105.6K
Filed 25/02/28
Traded 25/02/28
- Keith Koci
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$102.8K
9,500 sh
$102.8K
Filed 25/02/28
Traded 25/02/28
- John R. McPherson
BuyCommercial Metals
BuyCommercial Metals
CMC
$100K
2,475 sh
$100K
Filed 25/04/07
Traded 25/04/04
- John T. Baldwin
BuyCleveland-Cliffs
BuyCleveland-Cliffs
CLF
$34.8K
4,000 sh
$34.8K
Filed 25/03/10
Traded 25/03/10
- Karla R. Lewis
SellReliance
SellReliance
RS
$3.6M
12,114 sh
$3.6M
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$3.4M
11,317 sh
$3.4M
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$1.5M
4,790 sh
$1.5M
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$342.1K
1,135 sh
$342.1K
Filed 25/02/25
Traded 25/02/24
- Glenn Pushis
SellSteel Dynamics
SellSteel Dynamics
STLD
$3.2M
23,649 sh
$3.2M
Filed 25/02/12
Traded 25/02/11
- Karla R. Lewis
SellReliance
SellReliance
RS
$295.3K
970 sh
$295.3K
Filed 25/02/25
Traded 25/02/24
- Karla R. Lewis
SellReliance
SellReliance
RS
$244.9K
810 sh
$244.9K
Filed 25/02/25
Traded 25/02/24
- David J. Morehouse
SellAti
SellAti
ATI
$884.5K
17,000 sh
$884.5K
Filed 25/04/03
Traded 25/04/01
- Viola L. Acoff
SellCarpenter Technology
SellCarpenter Technology
CRS
$807.3K
4,000 sh
$807.3K
Filed 25/03/06
Traded 25/03/04
- Robert F. Hoffman
SellCentury Aluminum
SellCentury Aluminum
CENX
$101.2K
5,000 sh
$101.2K
Filed 25/03/24
Traded 25/03/20
- Robert F. Hoffman
SellCentury Aluminum
SellCentury Aluminum
CENX
$50K
2,500 sh
$50K
Filed 25/03/18
Traded 25/03/14
