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Trump’s tariffs has made this company, and its investors, happy

29d ago
Business
MarketWatch
Business strategy
Cleveland-Cliffs CEO Lourenco Goncalves has credited President Donald Trump's tariffs with boosting the steelmaker's prospects. The company anticipates increased demand from U.S. automakers, signaling a positive impact on domestic manufacturing. Goncalves' remarks suggest that the tariffs are beginning to yield tangible benefits for Cleveland-Cliffs and its investors, aligning with the Trump administration's goal of revitalizing American industry. The company's performance will be closely watched as an indicator of the broader effects of the tariffs on the U.S. economy.
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