X United States Steel Corp.

Trump slapped 25% tariffs on steel and aluminum imports near the start of his second term, and then doubled them to 50%. The president, who strongly dislikes trade deficits and has criticized free-trade deals, has doled out a variety of heavy import duties as he seeks to boost domestic manufacturing. Critics say the tariffs have played a major role in raising U.S. steel prices, which have recently hit multi-year highs. But numerous steel trade groups on Friday sent a letter to Trump, crediting his steel tariffs with driving $47 billion in “announced and underway investment.” They urged him not to weaken those tariffs, arguing that doing so would “put that progress at risk.” $X

President Donald Trump on Monday will announce a steel-making company’s plan to invest about $15 billion to build what would be the largest plant of its kind in U.S. history, a White House official confirmed to CNBC. The Oval Office announcement with Mesabi Metallics, set for 2 p.m. ET, comes just weeks before the November midterm election, which are poised to be shaped by Americans’ increasingly sour views of Trump’s handling of the economy. The steel plant is planned to be built in in Iowa and aims to begin production in 2030, said the official, who spoke on condition of anonymity ahead of the White House event. $X

At ~$1,093, a 100-point move would put MU around $1,193, which would also bring that $1,150–$1,175 area into play first. For your shares at ~ $X • $1,100: +$ • $1,125: +$$ • $1,150: +$$$$ • $1,175: +$$$$$ • $1,193: +$$$$$$ $AMD $NVDA $QQQ $SPY