Why Cleveland-Cliffs Stock Was a Massive Winner in June

June was a banner month for American steel producer Cleveland-Cliffs (NYSE: CLF). It received much investor attention after President Trump signed an executive order doubling tariffs on steel coming into this country, a move that will directly and clearly benefit Cleveland-Cliffs if it holds. Over the month, investors clearly bet it would, and traded the company's stock more than 30% higher. Trump's latest steel tariff was actually imposed weeks before the so-called "Liberation Day," when a clutch of duties on imports was announced. On Feb. 10, the president reinstated a 25% levy on all foreign steel, a tariff regime that he had originally set during his first term in office in 2018. Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool