Cleveland-Cliffs (CLF) News Today

Cleveland-Cliffs Inc. (NYSE:CLF) shares have surged following a series of bullish policy moves and analyst recommendations. The primary catalyst was President Trump’s decision to double U.S. steel import tariffs, which has lifted domestic pricing power for steel producers. While the rally has drawn renewed “buy” endorsements and highlighted CLF as a key play in an early cycle recovery, ongoing U.S.-China trade tensions remain a downside risk.

• President Trump announced tariffs on steel imports rising from 25% to 50%, directly boosting domestic producers like Cleveland-Cliffs.
• Shares have climbed over 23% in recent sessions, prompting multiple “buy” reiterations from outlets such as MarketBeat.
• Identified in a thematic report as one of three top basic materials stocks to own during the current early business cycle upswing.
• CLF posted a significant gap up, leading to questions about further upside at current elevated levels.
• Midday market reviews highlighted mixed U.S. equity action as investors weigh both the tariff boost and broader trade tensions.
• China’s recent accusation that the U.S. violated their trade agreement raises the specter of retaliatory measures.
• Equity markets have traded generally lower on renewed tariff concerns, potentially introducing volatility for cyclical names like CLF.