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The Chronicle Telegram in Elyria, Ohio

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Articles on This Page

This newspaper page contains 4 articles. Subscribers can read the full text of each article.

Newspaper

The Chronicle Telegram

Location

Elyria, Ohio, United States of America

Date

Feb 11, 2025

Page

3

Trump imposes tariffs on steel and aluminum imports

President Trump announced 25 percent tariffs on steel and aluminum imports as part of a broader plan to reshape world trade. He aims to align all imports with foreign rates and has already imposed 10 percent tariffs on China. Inflation risk and voter concern loom as economists warn of higher prices, retaliatory tariffs, and job losses while stock in steel firms climbs on tariff optimism.

Washington Donald Trump Trump U.S China Canada Mexico Aos Benn Steil The Council On Foreign Relations Steil World Trade Organization White House University of Michigan Cleveland Cliffs Pittsburgh U.S. Steel Nucor Wall Street Michael Wilson Morgan Stanley

Wall Street climbs as tariffs threat sways markets

U S stocks rose Monday with the S&P 500 up 0.7 percent and the Dow adding 167 points as investors braced for 25 percent tariffs on all steel and aluminum imports and other duties. Nvidia and Broadcom led Big Tech gains while metal makers such as Nucor, Cleveland Cliffs, and Alcoa rallied on tariff expectations.

New York U.S Wall Street Donald Trump Nvidia Treasury Trump Mexico Canada McDonald's United States Middle East Japan Broadcom DeepSeek

Judge asks to free Treasury access in NY dispute

Justice Department asks a New York judge to roll back a weekend order limiting access to the Treasury payment system amid a high profile fight over control and accountability. States allege DOGE temporary staff access risks hacking. DOJ says political appointees barred. Judge Vargas convenes officials to argue next steps.

Washington Justice Department New York Treasury Department Trump Donald Trump Department of Government Elon Musk Doge Paul Engelmayer U.S. District Court For Southern District of New York Treasury Bureau of the Fiscal Service Thomas Krause Marko Elez DOJ Elez Jeannette Vargas

Trump orders end to minting pennies

President Donald Trump directed the Treasury to stop producing new pennies citing rising costs. The Mint posted an $85.3 million loss in 2024 as penny production neared 3.2 billion coins and per coin costs rose from 3.1 to 3.7 cents.

Trump Washington Donald Trump Treasury Department United States Truth US Treasury Gulf of Mexico Elon Musk Department of Government U.S

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