Trump halts plan for 50% tariffs on Canadian steel and aluminum imports
Written by Emily J. Thompson, Senior Investment Analyst
Source: SeekingAlpha
Tariff Changes: President Trump has reversed a plan to double tariffs on Canadian steel and metal imports to 50%, maintaining a 25% tariff that will take effect on March 12.
Market Impact: The uncertainty surrounding these tariffs, part of Trump's "America First" agenda, is causing market volatility as investors assess the potential effects on the global economy.
Analyst Views on IYM
Wall Street analysts forecast IYM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for IYM is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 172.700
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Current: 172.700
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
