This 50% tariff hike just changed everything - here's what traders need to know
Key Points
- The Commerce Department has imposed a 50% tariff on steel an...
The Commerce Department just slapped a 50% tariff on steel and aluminum imports across 400+ product categories, and suddenly everyone's supply chain looks like a game of Jenga after an earthquake. Yesterday's announcement on August 19th didn't just target your basic metal imports - it went after the good stuff: semiconductor components, EV parts, and wind turbine pieces.
When Math Gets Expensive
Evercore ISI crunched the numbers and found this move bumps the overall effective tariff rate by roughly one percentage point. That might sound like pocket change, but when you're talking about i...
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