President Trump is proposing a 25% tax on steel brought to the U.S., and a 10% tax on aluminum. The announcement sent the stock market into a tailspin. RNC Spokeswoman Kayleigh McEnany says Americans should not be surprised by the move.
From the time he was a businessman, Donald Trump has criticized America's trade imbalance and pushed for reform. "What President Trump has done is not different then what many Republican president's have done," McEnany said.
President Trump's unpredictability has lead to GOP infighting. McEnany says the RNC appreciates robust debate on all issues, but also encourages Republicans to get behind the President because he is fulfilling campaign promises. She added that the Democratic party is actually the one falling apart ever since it failed to put forward viable presidential candidates back in 2016.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks closed broadly higher on Wall Street Thursday as investors welcomed a report showing the U.S. job market continues to climb out of the crater created by the coronavirus pandemic.
White House Economic Adviser, Tyler Goodspeed, on the June jobs report. Goodspeed also keys in the Trump administration's goal of growing jobs despite coronavirus cases spiking.
The number of confirmed coronavirus cases in the U.S. climbed to a new high of more than 50,000 per day on Thursday.
Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic.
Arizona recorded more coronavirus deaths, infections and emergency-room admissions in a single day than ever before in a rapidly deepening crisis Wednesday across the Sunbelt.
Economic Policy Institute Policy Director Heidi Shierholz warns of the possible consequences if Congress allows the pandemic unemployment assistance program to expire.
Health experts have slammed the U.S. decision to hog nearly the entire global supply of remdesivir, the only drug licensed so far to treat COVID-19.
Dr. Anthony Fauci says the U.S. is “going in the wrong direction” with coronavirus cases surging in some regions, and that's putting the entire country at risk.
The European Union has announced it will reopen its borders to travelers from 14 countries, but most Americans have been refused entry for at least another two weeks due to soaring coronavirus infections in the U.S.
