U.S. steelmaker shares soared on news of President Trump’s new tariffs. But are these tariffs as bulletproof as investors seem to believe? The steel tariffs, like those on autos and auto parts, are sector-based.

Key Takeaways Ford shares will remain in focus after slumping on Monday as investors digested President Donald Trump’s plan to double tariffs on steel imports to 50%.The stock recently broke down from a rising wedge pattern to resume its longer-term downtrend,

The share prices of European steel companies, including Thyssenkrupp and ArcelorMittal, all rose on Wednesday morning. View on euronews