JOHANNESBURG (Reuters) – Shares in steel producer ArcelorMittal South Africa traded 2% weaker on the Johannesburg Stock Exchange early on Tuesday after U.S. President Donald Trump’s tariffs on steel imports to the United States.
Trump raised tariffs on steel and aluminium imports on Monday to a flat 25% “without exceptions or exemptions,” in a move he hopes will aid the struggling industries in the world’s biggest economy.
(Reporting by Tannur Anders; Editing by Alexander Winning)
