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Steel, aluminum stocks retreat after 50% U.S.-Canada tariff escalation

Verifying
  • SLX, Nucor, Steel Dynamics, Cleveland-Cliffs, and Century Aluminum rose after U.S.-Canada trade talks collapsed.
  • SLX gained 1.6% Aug. 25, while year-to-date gains exceeded 28% through Aug. 28.
  • Canada announced $27.6 billion of counter-tariffs, scheduled to begin Sept. 8.
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