Rep. Kaptur (D-OH): Tailored, Targeted Tariffs Could Be Good For U.S.
Politicians, the media, and the markets have all responded negatively to President Trump’s proposed tariffs on steel and aluminium.
But Congresswoman Marcy Kaptur (D-OH) has a different perspective. The trade war concerns won’t materialize “if you have a good agreement,” she told Cheddar. “We need trade parity, we need reciprocity in trade.”
She pointed out that China churns out 2.3 billion metric tonnes of steel every year when the world only uses 1.5 billion.
“You’ve got this enormous overhang on the global market...so America ends up being the dump market and our workers get put out of work.”
However, China’s steel manufacturing muscle doesn’t necessarily impact the U.S. market. In 2017, the U.S. got most of its steel from Canada and Mexico, according to the [Commerce Department](https://www.trade.gov/steel/countries/pdfs/imports-us.pdf).
On Wednesday, the White House announced certain markets, such as Canada and Mexico, may be exempt from the proposed 25 percent tax on steel imports and 10 percent tariffs on aluminium. The administration is expected to make the official announcement on them later this week.
Nikki Haley, the former South Carolina governor and United Nations ambassador, announced her candidacy for president on Tuesday, becoming the first major challenger to former President Donald Trump for the 2024 Republican nomination.
The White House defended the shootdowns of three unidentified objects in as many days even as it acknowledged that officials had no indication the objects were intended for surveillance in the same manner as the high-altitude Chinese balloon that traversed American airspace earlier this month.
Millions of Medicaid recipients could find relief in the form of food shopping funds as the Biden administration begins approving state requests to use the coverage for groceries.
It is still not known where the second, third, and fourth flying objects shot down by U.S. military fighter jets originated from, a White House spokesperson said Monday.
A judge has ordered the release of parts of a report produced by a special grand jury that investigated efforts by former President Donald Trump and his allies to overturn his narrow 2020 election loss in Georgia.
Another unidentified object was shot down over the weekend, contractors arrested in Turkey after buildings crumbled in earthquake, and arrests in Baton Rouge shooting that injured 12. Here is everything you Need2Know for Monday, February 13, 2023.
