Possible scenario
Exemptions Expand
25% Chance
The administration responds to pressure from manufacturers by widening product exclusions or temporary quota relief. This caps the steel price spike and shifts market attention from producers' pricing power to downstream margin relief.
Initial impacts
- US dollar Down
Secondary impacts
- Non-Energy Materials -1.4%
- Industrials +0.7%
- Consumer Cyclicals +0.7%
Tickers
- -1.6%
Portfolio impact
S&P 500+0.0%
Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.
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