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Cleveland-Cliffs, Super Micro, Phillips 66, Fluence Energy, Lattice, Meta, and More Movers - Barron's

1. Trump announced 25% tariffs on steel and aluminum imports. 2. Steel companies like CLF gained significant premarket trading value. 3. CLF shares rose by 18% on tariff anticipation. 4. Nucor and U.S. Steel also experienced stock gains. 5. Market reaction shows bullish sentiment in steel sector.

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FAQ

Why Very Bullish?

The announcement of tariffs typically benefits domestic steel companies like CLF, boosting their competitive edge, similar to past tariffs in 2018 that positively impacted CLF stock.

How important is it?

Tariffs on steel directly impact CLF’s pricing power and market position, indicating a strong correlation to their stock performance.

Why Short Term?

The immediate market reaction to tariffs can lead to short-term price hikes, as seen previously.

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