US EditionCleveland-Cliffs trims workforce as tariffs hit demand
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Why Cleveland-Cliffs Stock Got Hammered Today, Even Though Trump's Tariffs Were Supposed to Help Steelmakers @themotleyfool #stocks $CLF
Shares of U.S. steelmaker Cleveland-Cliffs (NYSE: CLF) plunged 16.9% on Thursday, which was significantly worse than the 4.8% plunge experienced by the S&P 500 index. Some might be confused as to why Cleveland-Cliffs, a domestic steel supplier, would be down so much on last night's sweeping tariff announcements from the Trump administration. After all, Cleveland-Cliffs is one of the larger domestic steel producers in the United States. So aren't…
·Alexandria, United States
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