President Trump announced new tariffs (taxes on imports) on steel and aluminum from Canada. This means things made from these metals will become more expensive!
This news affected the stock market, which is like a big scoreboard for companies. Some companies that make steel and aluminum went up, while others went down.
It's a bit like a rollercoaster ride!
- Tariffs on steel and aluminum from Canada increased.
- Some companies that make steel and aluminum made more money.
- Other companies that use steel and aluminum lost money.
- The overall stock market went down a little.
| Company/ETF | Change |
|---|---|
| VanEck Steel ETF (SLX) | +1.3% |
| SPDR S&P Metals & Mining ETF (XME) | +3% |
| United States Steel Corp. (X) | +5% |
| SPDR S&P 500 ETF Trust (SPY) | -1.5% (initially) |
| Vanguard S&P 500 ETF (VOO) | -9% since mid-February |
