Truth Social post of February 15, 2025

PostTariff raisedPublished 25/02/15Open the original

Summary

President Trump formalizes a reciprocal tariff policy charging countries exactly what they charge the U.S., treating VAT systems as equivalent to tariffs, accounting for subsidies and non-monetary trade barriers, with no tariffs for products made in the United States.

By industry

Tariffs & Reshoring1 trading day+2.3%p15 stocks5 trading days−0.6%p15 stocks20 trading days−0.5%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
25/02/14	0.0%	0.0%
25/02/18	+2.5%	+0.2%
25/02/19	+1.3%	+0.4%
25/02/20	+1.3%	+0.1%
25/02/21	−2.7%	−1.6%
25/02/24	−2.6%	−2.0%
25/02/25	−2.4%	−2.3%
25/02/26	−3.0%	−2.3%
25/02/27	−3.5%	−4.0%
25/02/28	−3.8%	−2.6%
25/03/03	−6.8%	−4.0%
25/03/04	−9.2%	−4.7%
25/03/05	−7.2%	−4.4%
25/03/06	−8.1%	−5.8%
25/03/07	−7.9%	−5.7%
25/03/10	−12.1%	−8.5%
25/03/11	−10.1%	−8.7%
25/03/12	−9.8%	−8.4%
25/03/13	−10.3%	−9.2%
25/03/14	−7.4%	−7.8%
25/03/17	−7.5%	−7.0%

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. CroninDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$105.6K
10,000 sh
$105.6K
Filed 25/02/28
Traded 25/02/28
Keith KociEVP & President, CC Services
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$102.8K
9,500 sh
$102.8K
Filed 25/02/28
Traded 25/02/28
John T. BaldwinDirector
BuyCleveland-Cliffs
Buy
Cleveland-Cliffs
CLF
$34.8K
4,000 sh
$34.8K
Filed 25/03/10
Traded 25/03/10
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$3.6M
12,114 sh
$3.6M
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$3.4M
11,317 sh
$3.4M
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$1.5M
4,790 sh
$1.5M
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$342.1K
1,135 sh
$342.1K
Filed 25/02/25
Traded 25/02/24
Glenn PushisSVP
SellSteel Dynamics
Sell
Steel Dynamics
STLD
$3.2M
23,649 sh
$3.2M
Filed 25/02/12
Traded 25/02/11
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$295.3K
970 sh
$295.3K
Filed 25/02/25
Traded 25/02/24
Karla R. LewisPresident, CEO
SellReliance
Sell
Reliance
RS
$244.9K
810 sh
$244.9K
Filed 25/02/25
Traded 25/02/24
Viola L. AcoffDirector
SellCarpenter Technology
Sell
Carpenter Technology
CRS
$807.3K
4,000 sh
$807.3K
Filed 25/03/06
Traded 25/03/04
Tina Killough BuschSVP, Chro
SellAti
Sell
Ati
ATI
$657.5K
9,900 sh
$657.5K
Filed 25/02/07
Traded 25/02/06
Robert F. HoffmanSVP, IT and CAO
SellCentury Aluminum
Sell
Century Aluminum
CENX
$50K
2,500 sh
$50K
Filed 25/03/18
Traded 25/03/14
Richard WagnerSVP and COO
SellInsteel Industries
Sell
Insteel Industries
IIIN
$365
13 sh
$365
Filed 25/01/23
Traded 25/01/21