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Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks

Reuters  |  WASHINGTON 

By Steve Holland and Mike StoneWASHINGTON (Reuters) - President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.Citing concerns about national security, Trump made the announcement at a White House ceremony with U.S. steel executives from Nucor Corp , United States Steel Corp and TimkenSteel Corp alongside Commerce Secretary Wilbur Ross, a billionaire businessman who made part of his fortune investing in the steel ...

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