Strong decline in shares of United States Steel

United States Steel plunges sharply

 

United States Steel shares fell 7%

The sharp drop comes after President Trump confirmed that he will not sell United States Steel to Japanese company Nippon Steel

as the president intends to use tariffs to support domestic steel industries instead of allowing acquisitions.

Nippon Steel shares were also affected by the decision as the stock fell about 1.1%.

United States Steel The dollar American stocks Economic indicators The American economy

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