Stocks rallied on Monday on reports that Iran is seeking talk to end its war with Israel, easing fears that the conflict could spiral into a broader regional war. The Dow Jones Industrial Average jumped 463 points, or 1.10%, to 42,660.98. The S&P 500 climbed 1.15% to 6,045.65, while the Nasdaq rose 1.53% to 19,704.10....
This year, the US imposed a 10% duty on imports from most countries and a 30% tariff on goods from China, with the potential for more increases in the near future.
A recent move by the Trump administration to double tariffs on imported steel to 50% is expected to raise the price of tin-coated steel, a material critical to food cans.