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Steel stocks are getting whacked after Trump expands tariff exemptions for 3 countries

Steel stocks dropped after Trump announced the US would allow some countries to enjoy "targeted relief" from quotas imposed on steel and aluminum imports.
President Donald Trump

Trump’s new trade idea may be a bigger mistake than tariffs

President Donald Trump wants to impose quotas on six key trade allies instead of steel and aluminum tariffs. But trade experts say quota systems can increase corruption, hurt the economy, and violate international trade rules — and that they may, in fact, be worse than tariffs.