US steel penny stocks have benefitted in many ways from the trade war.
To recap, the US imposed a 25% tariff on steel and aluminum imports in May. The idea was to enhance the US’s own economy by encouraging business from within. Of course, nothing is ever straight-forward, and a full-blown trade war ensued. China and America have played tit-for-tat on import tariffs ever since.
Penny Stocks BenefittingBut for American steel, the tariffs have increased business. Penny stocks company Gerdau SA (NYSE:GGB) is an example. Gerdau is a Brazilian steelmaker with significant operations ...
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