United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President Donald Trump.

Bloomberg journalists discuss today's biggest winners and losers in the stock market. Listen for analysis on the companies making news on Wall Street.

Reports of a US-Mexico deal to remove steel tariffs sent CLF stock tumbling. Shares plummeted, reflecting investor fears of renewed and increasing foreign import competition.

Donald Trump has doubled tariffs on steel and aluminum imports, triggering global backlash and concerns over a trade war, order cancellations, and price hikes in the U.S.

Late on Tuesday, Trump signed an executive proclamation to implement, starting Wednesday, his announcement last week to increase tariffs on steel and aluminum imports that had been in place since March from 25% to 50%. The new tax went into effect at 12:01 a.m.

Dow, S&P 500, Nasdaq futures held steady on Wednesday even as Donald Trumps sharp tariff hike on steel and aluminum imports rattled trade talks. The former President doubled duties from 25% to 50%, excluding only the UK.

That relatively muted reaction masks the big moves for ... welcomed the exemption to the higher 50% tariff on steel imports to the US, the industry has warned UK businesses could still be hit ...