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Cramer parses the numbers behind Trump's steel and aluminum tariffs

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With much of the market riled up about what President Donald Trump's steel and aluminum tariffs mean for U.S. industry, CNBC's Jim Cramer wanted to take a more analytical approach.

"I say let's take a deep breath and look at some actual numbers," the "Mad Money" host said on Friday. "Let's be thoughtful."

First, Cramer examined the trajectory of the biggest U.S. steelmaker, Nucor. An industry innovator, Nucor has been a staple steel play for many investors including Cramer, whose charitable trust owns shares in the company.

But Nucor's story has not been without blemishes; the company has been at fault for missing earnings estimates in the past because of sub-par execution, Cramer said.

"There were also many, many quarters where, because the People's Republic of China wants to create jobs, they build steel mills and they sell the stuff well below cost and it causes our companies to have real issues and, in some cases, just wipes them out," he said.



Source :- cnbc
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