Steel stocks surge after Trump doubles steel tariffs, Cleveland Cliffs jumps 25%
1. CLF shares surged 25% post-Trump's tariff hike announcement. 2. Tariffs on steel imported to the U.S. doubled to 50%. 3. Increased tariffs may inflate domestic steel prices significantly. 4. European Union threatens countermeasures against U.S. tariff escalation. 5. U.S. Steel and Nippon Steel partnership may create 70,000 jobs.