US Steel is tumbling after Trump does a 180 on trade (X)

Manuel Balce Ceneta/AP

  • US Steel is tumbling after President Donald Trump announced he will pause US tariffs on Chinese goods. 
  • China is promising to increase its imports of US agriculture and energy goods, much to the White House’s pleasure. 
  • US Steel’s stock rallied into the announcement of the tariffs and is falling now that the tariffs have been put on hold. 
  • Other steel stocks in the US are down as well. 
  • Watch US steel trade in real time here.

President Donald Trump just did a 180 on trade with China, and steel stocks are under pressure. 

US Steel is down 4.77% Monday after Trump touted his revised position on trade with China, announcing the US will put its tariffs on hold.

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