Traders Daily – One of the Best Ways to Trade the Tariffs

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The rally in steel and aluminum stocks may just be getting underway.

The tariffs — 25% on imports of steel and 10% on aluminum — take effect at midnight Friday. They are expected to lead to retaliation from European nations, says National Public Radio. Likely targets are thought to be U.S. exports of jeans, motorcycles and bourbon.

As we speak, shares of U.S. Steel (X), AK Steel Holding (AKS), Century Aluminum (CENX), Nucor (NUE) and Steel Dynamics (STLD) are seeing wins after President Tr...

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