Key Takeaways Ford shares will remain in focus after slumping on Monday as investors digested President Donald Trump’s plan to double tariffs on steel imports to 50%.The stock recently broke down from a rising wedge pattern to resume its longer-term downtrend,

Major steel stocks jumped Monday after President Donald Trump hiked tariffs tied to the metal. Trump said Friday at a Pennsylvania rally he would double tariffs on steel imports to 50% from 25%, a move that inflamed trade tensions again and drew criticism from global partners.

Shares of several major U.S. steel companies jumped Monday after President Trump said he would hike tariffs to 50%.

President Trump said tariffs on imported steel would go to 50% from 25%. That has investors excited early Monday.

Stock indexes closed higher on Monday despite uncertain economic news as Trump’s tariffs continue to be fought over in court. After posting their strongest month since 2023 in May, stocks started off June on a strong foot.

Shares of General Motors (GM) and Ford Motor (F) were among the biggest decliners in the S&P 500 on Monday after President Donald Trump announced plans to double tariffs on steel imports to 50%. GM and Ford shares were down 4.

U.S. stock index futures dipped on Monday following President Donald Trump's plans to double tariffs on imported steel and aluminum, fueling more uncertainty around U.S. trade policies. Trump said on late Friday he planned to increase tariffs on imported steel and aluminum to 50% from 25% starting Wednesday,

Homebuilder stocks rallied on Thursday, in a sign that residential construction will benefit from the ruling striking down Trump's tariffs.

President Trump said Friday that tariffs on imported steel and aluminum would increase to 50% from 25%, effective Wednesday.

A big rally for stocks that began in Asia lost steam amid uncertainty about what will happen next after a U.S. court blocked many of President Donald Trump’s tariffs.

U.S. stock index futures dipped on Monday after President Donald Trump announced plans to double tariffs on imported steel and aluminum, amplifying concerns about trade- and tariff-related volatility.

Asia stock markets trade in red on Monday, followed President Trump's announcement on Friday of plans to raise steel import tariffs from 25% to 50%, effective Wednesday, framing it as a step to reduce reliance on China.