No day-one tariffs coming from Trump, trade overhaul planned, Reuters reports

President Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office but directs federal agencies to evaluate U.S. trade relationships with China, Canada and Mexico, a Trump administration official said, Reuters’ David Lawder, Andrea Shalal, Steve Holland and David Ljunggren report. After weeks of intense speculation over which duties Trump would impose immediately, news that he would take more time on tariffs drove a relief rally in global stocks and a dive in the dollar against major currencies, the authors note. Publicly traded steel companies include ArcelorMittal (MT), Steel Dynamics (STLD), Nucor (NUE), and U.S. Steel (X), with copper companies including Southern Copper (SCCO) and Freeport McMoRan (FCX), and iron companies including BHP (BHP), Rio Tinto (RIO), Vale (VALE), and Cleveland-Cliffs (CLF). Publicly traded solar companies that may be impacted include Array Technologies (ARRY), Emeren (SOL), FTC Solar (FTCI), First Solar (FSLR), Maxeon Solar (MAXN), Shoals Technologies (SHLS), SolarEdge (SEDG) and SunPower (SPWR). Publicly traded rare earths companies include MP Materials (MP), Energy Fuels (UUU), and NioCorp (NB).