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Wall Street down even as US steel stocks jump on tariff expectations

US President Donald Trump tweeted on Thursday that the US steel and aluminum industries need "free, fair and smart trade"

Reuters 

Wall Street's main indexes fell on Thursday as industrial stocks, including heavyweights Boeing and Caterpillar, took a beating on fears that potential tariffs on steel imports could hit profits. US President Donald Trump tweeted on Thursday that the US steel and aluminum industries need "free, fair and smart trade". CNBC reported that Trump will make an announcement on tariffs at 11 a.m. ET (1600 GMT). Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must ...

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First Published: Thu, March 01 2018. 21:23 IST
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