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US steel makers stocks rise, foreign peers fall on Trump tariff plans

NEW YORK (Reuters) -Shares of U.S. steel and aluminum producers rose on Monday, while their European and Asian counterparts fell a day after President Donald Trump announced plans to impose fresh metal import tariffs. On Sunday, Trump said he would impose a 25% tariff increase on all steel and aluminum imports into the U.S. on top of existing duties and a further set of reciprocal tariffs later in the week. American producers gained.