NUCOR LONGI believe the Trump tariffs will drive Nucor's stock higher. Nucor now has the opportunity to compete more effectively as the influx of imports has significantly impacted the merchant bar market. The 2016 tariffs under the Trump administration were beneficial in terms of turning low-cost inventory into higher revenue, though they also led to significant backlogs in the supply chain, as domestic production struggled to meet demand. I expect Nucor to reach over $160 in the next few weeks.
