US Steel Shares Surge in Premarket Trading

Following President Donald Trump's announcement of a 25% tariff on all steel and aluminum imports, United States Steel Corp. shares experienced a significant 11% jump in premarket trading on Monday. This move has sparked a wave of interest among investors and market watchers alike.

The new tariffs, which are set to apply to all countries, were disclosed aboard Air Force One. Although President Trump did not specify the exact timing for these tariffs to take effect, he made it clear that Japanese firm Nippon Steel would not be permitted to acquire a majority stake in US Steel, reinforcing his stance on protecting domestic industries.

At 4:23 am ET, US Steel shares saw an impressive increase of 11.16%, reaching a price of $41.05. This surge reflects the market's immediate reaction to the tariff announcement and its potential implications for the steel and aluminum industries in the United States.