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Proposed crackdown on aluminum, steel imports roils stocks [MSN Money]

ALCOA (AA)  More Company Research Source: MSN Money
Last alcoa earnings: 7/18 04:10 pm Check Earnings Report
US:NYSE Investor Relations: investors.alcoa.com
PDF U.S. steel and aluminum producers saw their shares jump following a Commerce Department proposal that President Donald Trump impose tariffs or quotas on imports of the metals. Quotes in the article AdChoices Shares of U.S. Steel ( X ) surged more than 12 percent and aluminum producer Alcoa ( AA ) advanced nearly 3 percent after Commerce Secretary Wilbur Ross offered Mr. Trump a range of options to bolster U.S. production. Reversing course higher, Nucor ( NUE ) was up more than 4 percent, and Steel Dynamics ( STLD ) climbed more than 4 percent. Mr. Trump, who during his 2016 presidential run campaigned on a platform of economic nationalism, has recently taken measures to signal his administration's willingness to get tougher on trade. In January, he approved tariffs on imported solar-energy components and large washing machines in a bid to help U.S. manufacturers.   For now, however, Mr. Trump has stopped short of policies [Read more]

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