Why U.S. Steel Stock Slumped Today
In the middle of a trade war, with tariff threats flying fast and furious, you might expect a big commodity company like United States Steel (NYSE: X) to suffer serious damage.
But it hasn't. Being part of an industry that tariffs are intended to protect has insulated the company from the worst of the market's recent volatility, and as of Wednesday, U.S. Steel stock was trading at its highest share price of 2025, more than $45.
But on Thursday, U.S. Steel stock took a tumble, trading down by 7.9% as of 12:11 p.m. ET. The reason for that slide wasn't tariffs, but it was President Donald J. Trump.
Source Fool.com
