Steel and aluminum stocks surge on Trump plan to impose 25% tariffs on imports to U.S.
1. Trump announced 25% tariffs on steel and aluminum imports. 2. Steel and aluminum stocks surged following the announcement. 3. U.S. depends on imports for over 80% of aluminum needs. 4. Tariffs could lead to a price increase of nearly 30 cents per pound. 5. Analysts suggest potential declines in U.S. aluminum demand.