Metals and Mining ETFs Boost Customs Plans
Steel and aluminum imports into the US are ready to receive a 25% bill as President Donald Trump attempts to collect tariffs and promote trade war tensions. Soon, the plan is pushing stocks up in domestic producers.
According to data from Dow Jones Market, SPDR S&P Metals & Mining ETFs are currently up 3.63%, up 3.63%, the largest increase since November 6, 2024. ETF’s Top Holdings is US Steel, Newmont and ATI (all metal companies).
But over the long term, economists have overwhelmingly said they will be responsible for SAP economic growth and will only help a few. It also allows inefficient producers to stay in the market. This means that competition with foreign producers is reduced, so companies that produce goods at higher costs at higher costs can survive in the market.