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Steel, aluminum not subject to reciprocal tariffs but shares still down sharply (NYSE:CLF)

large bowl of molten metal at a steel mill. Steel production.

lyash01/iStock via Getty Images

Shares of steel and aluminum producers tumbled across the board post-market Wednesday following President Trump’s tariff announcement, even as The White House said steel and aluminum imports would be exempt from reciprocal tariffs.

The move provides a bit of relief

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