CLF News & Events

White House officials said there will not be any alterations to President Donald Trump's sweeping tariffs on steel and aluminum and thousands of other products made from such metals unless the president himself announces any changes, Reuters' David Lawder reports. A Trump administration official, in response to reporting that said the U.S. was planning to scale back tariffs on some steel and aluminum goods with certain exemptions, said that Trump "will never compromise on reinvigorating the domestic manufacturing that is critical to our national and economic security, especially steel and aluminum production," the author says. The official added that the White House was implementing "a nimble and nuanced tariff agenda" to increase U.S. output in the steel, aluminum and other manufacturing industries, the author notes. Publicly traded companies in the steel space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X). Publicly traded companies in the aluminum space include Alcoa (AA), Kaiser Aluminum (KALU), and Century Aluminum (CENX).

Catch up on the top industries and stocks that were impacted, or were predicted to be impacted, by the comments, actions and policies of President Donald Trump with this daily recap compiled by The Fly.PENTAGON 1260H LIST:The Trump administration is expected to add companies, including Alibaba, to its Pentagon "1260H" list of firms allegedly aiding China's military, Reuters' Michael Martina and Alexandra Alper. While the list does not impose formal sanctions, it signals to U.S. government suppliers the administration's concerns about these companies, the report says.TARIFFS:U.S. President Donald Trump is planning to reduce some tariffs on steel and aluminum goods as he battles an affordability crisis, Aime Williams and Andy Bounds of The Financial Times. The Trump administration is reviewing products affected by the up to 50% tariffs on steel and aluminum imports, planning to exempt some items and launch more targeted security probes into specific goods, three people familiar with the matter told the Times. Publicly traded companies in the space include ArcelorMittal, Cleveland-Cliffs, Nucor, Steel Dynamicsand U.S. Steel.OIL BLOCKS:Venezuela plans to grant more oil-production land to Chevronand Repsolas the Trump administration pushes for private companies to rebuild the nation's energy sector, Bloomberg. U.S. Energy Secretary Chris Wright says the U.S. will release additional licenses "soon," with companies like Chevron seeing benefits from an increase in production, according to the report, which notes that the Trump administration is expected to issue a general license to allow international oil companies to explore and produce in Venezuela without violating U.S. sanctions.

U.S. President Donald Trump is planning to reduce some tariffs on steel and aluminum goods as he battles an affordability crisis, Aime Williams and Andy Bounds of The Financial Times reports. The Trump administration is reviewing products affected by the up to 50% tariffs on steel and aluminum imports, planning to exempt some items and launch more targeted security probes into specific goods, three people familiar with the matter told the Times. Publicly traded companies in the space include ArcelorMittal (MT), Cleveland-Cliffs (CLF), Nucor (NUE), Steel Dynamics (STLD) and U.S. Steel (X).