US Steel Shares Leap in Premarket Trading

United States Steel Corp. experienced a significant 11% surge in premarket trading this Monday. This remarkable jump comes in the wake of President Donald Trump's announcement of imposing a 25% tariff on all steel and aluminum imports.

Details of the New Tariff Policy

President Trump disclosed the new duties, which are set to apply universally to all countries, during a flight aboard Air Force One. Although the exact implementation date remains unspecified, the President made it clear that Japanese firm Nippon Steel would not be permitted to acquire a majority stake in US Steel, reinforcing his commitment to protecting domestic industries.

Market Reaction

By 4:23 am ET, US Steel shares had climbed by 11.16%, reaching a price of $41.05. This premarket activity signals a strong market reaction to the tariff announcement, highlighting the significant impact of trade policies on stock valuations.