According to Fox News, the president announced to U.S. Steel workers in Pittsburgh that strengthened tariffs aim to further secure the steel industry in the United States (source: Fox News, May 31, 2025). For traders, this policy is likely to increase volatility in steel-related stocks such as US Steel Corp and Nucor, with potential upward momentum in domestic producers due to reduced foreign competition. Additionally, the announcement may trigger broader market risk sentiment shifts, which historically have influenced Bitcoin and Ethereum price movements as investors seek non-traditional hedges during trade policy uncertainty.

According to The White House (@WhiteHouse), President Donald J. Trump announced in Pennsylvania the finalization of a major agreement that guarantees U.S. Steel remains an American-owned company. This development is expected to drive increased confidence in domestic steel stocks, potentially leading to positive price action for related equities. For cryptocurrency traders, this renewed emphasis on American industrial independence could boost U.S.-based crypto projects and stablecoins, as investors seek assets with strong national backing (Source: The White House, May 30, 2025).