Steel Tariffs Will Drive M&A in US Industry, Wells Fargo Says
Wells Fargo projects that President Trump's steel tariffs will stimulate mergers and acquisitions within the U.S. metals industry this year. The tariffs have benefited domestic steelmakers by decreasing foreign competition, thus increasing demand for U.S.-produced steel. This environment is expected to attract new buyers and drive M&A activity.
https://www.bloomberg.com/news/articles/2026-02-12/steel-tariffs-will-drive-m-a-in-us-industry-wells-fargo-says