Cleveland Cliffs saw their stocks soar yesterday after President Donald Trump’s announcement on new tariffs.
Shares for Cliffs went up 25 percent on pre-market trading yesterday. They ended the day up 23 percent overall.
It comes after President Trump said at his rally in Pittsburgh that he was doubling tariffs on steel imports from 25 percent to 50 percent.
Other major steel stocks also saw a jump in the stocks from Trump’s announcement.
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