America First Trade Policy
MemorandumInvestigation openedSigned 25/01/20Federal Register 25/01/30Open the original
Summary
President Trump directs a broad trade policy review, including a Commerce investigation into the causes and security risks of persistent goods trade deficits and a Treasury study of establishing an External Revenue Service to collect tariffs.
By industry
- Tariffs & Reshoring1 trading day−0.4%p15 stocks5 trading days−3.5%p15 stocks20 trading days+0.9%p15 stocks
“investigate the feasibility of establishing and recommend the best methods for designing, building, and implementing an External Revenue Service (ERS) to collect tariffs”
Day by day after the announcement
| Day | Tariffs & Reshoring stocks | S&P 500 |
|---|---|---|
| 25/01/17 | 0.0% | 0.0% |
| 25/01/21 | +0.6% | +1.0% |
| 25/01/22 | −1.2% | +1.5% |
| 25/01/23 | −0.4% | +2.0% |
| 25/01/24 | −0.6% | +1.8% |
| 25/01/27 | −3.1% | +0.3% |
| 25/01/28 | −1.8% | +1.1% |
| 25/01/29 | −0.6% | +0.9% |
| 25/01/30 | −2.4% | +1.5% |
| 25/01/31 | −3.9% | +0.7% |
| 25/02/03 | −5.3% | +0.6% |
| 25/02/04 | −3.4% | +0.6% |
| 25/02/05 | −2.4% | +1.2% |
| 25/02/06 | −2.4% | +1.3% |
| 25/02/07 | −3.7% | +0.6% |
| 25/02/10 | +0.4% | +1.2% |
| 25/02/11 | +0.9% | +1.3% |
| 25/02/12 | −1.7% | +1.1% |
| 25/02/13 | +0.1% | +2.0% |
| 25/02/14 | +0.6% | +2.1% |
| 25/02/18 | +3.1% | +2.3% |
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
- 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
- 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
