President Trump’s 25% tariff on imported steel has drawn investor interest in domestic steel producers, with the two largest being Nucor NUE and United States Steel X. Seeing as steel production is likely to increase in the U.

The president imposed a 25 percent tariff on global metals, repeating a move from his first term. Economists and foreign governments know what will come next.

Trump set a 25% tariff, essentially a tax, on any steel and aluminum coming into the United States. As a result, consumers could expect to pay more for a wide range of products, from appliances and automobiles to canned beverages and sporting goods.