Jim Cramer Says Steel Tariffs Are a 'Double-Edged Sword' for Industry

Jim Cramer says steel tariffs are a 'double-edged sword' for industry

The "Mad Money" host said President Donald Trump's 50% steel tariffs aren't reason enough to buy stocks like Nucor.

Sensex tanks 700, Nifty down 200 points amid Trump's plan to double steel tariffs

Indian stock markets opened sharply lower on Monday, dragged down by fresh tariff threats from US President Donald Trump and continued foreign fund outflows. The Sensex fell over 700 points, while the Nifty dropped more than 200 points amid ongoing earnings season pressures.

Asian markets decline amid President Trump’s decision to double tariff on steel imports - The Indian Awaaz

Major Asian stocks declined today, reacting to the US President Donald Trump’s announcement that he will double the tariff on steel imports from 25 percent to 50 percent to protect American industry, effective from Wednesday. Japan’s Nikkei dropped 1.3 per cent, Hong Kong’s Hang Seng index slid over half per cent, and Singapore’s Strait Times index slipped marginally by 0.1 per cent. South Korea’s Kospi index closed nearly flat. Meanwhile, marke…

World responds to Trump's extreme steel tariffs

Trump to double tariffs on foreign steel to 50% starting June 4, raising concerns over price inflation and global trade as experts analyze impact. Former President Donald Trump is set to double tariffs on foreign steel imports from 25% to 50%, in a bid to boost U.S. steel production. Starting June 4, the new tariffs will hit countries like Australia, Canada, and Brazil — nations that previously had duty-free access. Critics say the move could i…