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Trump tariffs are a 'Goldilocks' outcome for steel stocks: Credit Suisse

A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018.
Aaron Josefczyk | Reuters
A worker cuts a steel coil at the Novolipetsk Steel PAO steel mill in Farrell, Pennsylvania, March 9, 2018.

President Donald Trump's recent decision to impose tariffs on foreign steel creates a "Goldilocks" outcome for the United States, Credit Suisse told clients.

While 25 percent tariffs on imported steel should prove a tailwind for U.S. steel prices, analyst Curt Woodworth added that any exemptions in the policy should result in better trade deals and benefit U.S. automakers, another positive for the metal market.