The U.S. Department of Commerce has expanded tariffs to 407 more product categories, including wind turbines and heavy equipment, with a 50% duty rate. The Trump administration is also enforcing the Uyghur Forced Labor Prevention Act on steel, copper, lithium, red dates, and caustic soda. In 2024, the U.S. imported 470,000 tons of steel from China. Companies like U.S. Steel, Cleveland-Cliffs, and Albemarle may benefit from reduced Chinese imports and stricter controls on certain materials. President Trump has extended a 90-day pause on higher tariffs to continue trade negotiations with China. Stay tuned for updates on this developing story.

Read more at Quiver Quantitative: U.S. Expands Tariffs and Xinjiang Import Scrutiny, Targeting Steel, Lithium, and Heavy Equipment