Trump's Tariff Moves Wall Street

Ahead of President Donald Trump’s announcement of his hefty metals tariffs, U.S. stocks gave up earlier gains on Thursday. This amid easing concerns that the move could ignite a global trade war.

Trump is expected to sign a proclamation imposing tariffs at 03:30 p.m ET. He promised Canada and Mexico would likely be exempted from the tariffs on steel and aluminum imports if they agree on a trade deal with the United States.

Trump also said he was sticking with 25 percent tariffs on steel and 10 percent on aluminum.

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