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  • 16 hours ago
Bloom Energy shares rose after Trump adjusted Section 232 tariffs, lowering some metal-related costs for manufacturers.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Bloom Energy shares rose nearly 10% on Tuesday as Trump signed a proclamation adjusting Section
00:08232 tariffs on key industrial metals, according to Benzinga. Trump's tariff amendments lower
00:15costs on imported aluminum, copper and steel, benefiting companies that manufacture thermal
00:20management and metal heavy equipment. The White House said some derivative products previously
00:26taxed at 25% will now carry a 15% tariff, including categories tied to agricultural machinery
00:33and residential HVAC equipment. The updated structure takes effect June 8th and runs through
00:39December 31st, 2027. Shares were down by 1.58% at $298.07 in Wednesday's pre-market trading,
00:48according to Benzinga Pro. For all things money, visit Benzinga.com.
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