Key Takeaways U.S. Steel shares will be in the spotlight to start the week after President Donald Trump on Friday said he plans to double steel and aluminum tariffs to 50%. The stock staged a decisive breakout above a symmetrical triangle last month,

President Donald Trump dropped a bombshell at a Friday evening rally, announcing that tariffs on imported steel would go from 25% to 50%. That move is designed to help the domestic industry profits. The U.

As of May 28, the U.S. had collected $68.23 billion in tariff revenue for 2025—an increase of 78 percent over the same period last year.