How Special Interests Hide the True Costs of Tariffs [The New York Times]
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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Source: The New York Times
If there is a silver lining to the recent trade insanity, it’s the bright light that it shines on the victims of President Trump’s tariffs. These victims include construction companies, equipment manufacturers and the many American producers whose costs are increasing. Workers in these industries as well as ordinary American consumers pay higher prices for automobiles, washers and dryers, and the other goods whose prices are artificially hiked by the tariffs. Because of the president’s hyperactive use of his trade authority, the scale of this pain is unusually high. But the reality is that this disregard for the consequences inflicted on buyers in the industries downstream from tariffs is nothing new. In fact, thanks to the handiwork of interest groups who benefit from the tariffs and the politicians who serve them, it’s embedded in our trade system, sometimes even in the legislation itself. Consider how easy it was for Mr. Trump to get a 25 percent tariff on steel impo
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News
- United States Steel Co. (NYSE: X) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- United States Steel Co. (NYSE: X) was upgraded by analysts at Morgan Stanley from an "equal weight" rating to an "overweight" rating. They now have a $48.00 price target on the stock, down previously from $51.00.MarketBeat
- United States Steel Co. (NYSE: X) had its price target lowered by analysts at JPMorgan Chase & Co. from $47.00 to $43.00. They now have a "neutral" rating on the stock.MarketBeat
- Furor Over U.S. Steel Bid Puts Secretive Government Panel In Spotlight [The New York Times]The New York Times
- Political Furor Over U.S. Steel Bid Puts Investment Panel in Spotlight [The New York Times]The New York Times
X
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- 5/2/24 - Miss
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- 5/3/24 - Form 10-Q
- 5/2/24 - Form 4
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