If steel and aluminum tariffs remain in place, companies in the United States that produce these metals domestically are likely to benefit, while companies relying on foreign imports may not.
"And the reason why I say it like that is because there are some metal producers like Alcoa, which is a metal provider in the United States. However, they're getting a big chunk of their metals from Canada, which means now, even though it's an American company, they have to pay a tariff when they import those metals from Canada into the United States. So, they might not be benefiting because they're still producing those products from a foreign country. So, you bet this is something that Wall Street has their eye on because if those tariffs are here to stay, that could potentially benefit the companies that are producing these metals in the United States."