Asian Steel Stocks Retreat After Trump’s New Tariff Threat - WSJ
1. Trump's tariff on steel/aluminum imports to rise to 50% effective June 4. 2. Hyundai Steel shares fell 5.1%, leading a decline in Asian steel stocks. 3. Korean trade officials held emergency discussions to address potential impacts. 4. BlueScope Steel shares rose 7% on expected benefits from U.S. tariffs. 5. Potential U.S. legal challenges may affect the ongoing tariffs situation.