Fact Sheet: President Donald J. Trump Restores Section 232 Tariffs
Fact sheetTariff raisedPublished 25/02/11Open the original
Summary
President Trump restores the 25% tariff on steel and raises the tariff on aluminum to 25% under section 232. He removes existing exemptions and alternative agreements and expands tariffs to key downstream products.
By industry
- Tariffs & Reshoring1 trading day+0.4%p15 stocks5 trading days+1.7%p15 stocks20 trading days−2.0%p15 stocks
“restore a true 25% tariff on steel and elevate the tariff to 25% on aluminum”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/02/10 | 0.0% | 0.0% |
| 25/02/11 | +0.5% | +0.1% |
| 25/02/12 | −2.0% | −0.1% |
| 25/02/13 | −0.3% | +0.8% |
| 25/02/14 | +0.3% | +0.9% |
| 25/02/18 | +2.8% | +1.1% |
| 25/02/19 | +1.5% | +1.3% |
| 25/02/20 | +1.5% | +1.0% |
| 25/02/21 | −2.5% | −0.7% |
| 25/02/24 | −2.4% | −1.2% |
| 25/02/25 | −2.1% | −1.5% |
| 25/02/26 | −2.8% | −1.4% |
| 25/02/27 | −3.4% | −3.1% |
| 25/02/28 | −3.6% | −1.8% |
| 25/03/03 | −6.6% | −3.2% |
| 25/03/04 | −9.0% | −3.9% |
| 25/03/05 | −7.0% | −3.5% |
| 25/03/06 | −7.9% | −5.0% |
| 25/03/07 | −7.7% | −4.8% |
| 25/03/10 | −11.9% | −7.7% |
| 25/03/11 | −9.9% | −7.8% |
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.
- 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 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
- Viola L. Acoff
SellCarpenter Technology
SellCarpenter Technology
CRS
$807.3K
4,000 sh
$807.3K
Filed 25/03/06
Traded 25/03/04
- Tina Killough Busch
SellAti
SellAti
ATI
$657.5K
9,900 sh
$657.5K
Filed 25/02/07
Traded 25/02/06
- Richard Wagner
SellInsteel Industries
SellInsteel Industries
IIIN
$365
13 sh
$365
Filed 25/01/23
Traded 25/01/21