Trump weighs tariffs, quotas on U.S. steel, aluminum imports

U.S. President Donald Trump said on Tuesday he was considering a range of options to address steel and aluminum imports that he said were unfairly hurting U.S. producers, including tariffs and quotas.

Steel and aluminum shares rose after Trump’s comments, with U.S. Steel (X.N) up 1.8 percent, Nucor Corp (NUE.N) up 1.2 percent, Alcoa Inc (AA.N) and Century Aluminum (CENX.O) up about 1.7 percent in afternoon trading.

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