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.
Longtime Trump ally Steve Bannon has appeared before a judge to face federal contempt charges for defying a subpoena from a House committee investigating January’s insurrection at the U.S. Capitol.
As inflation continues to heat up faster than expected, those on the side of seeing it as a transitory issue tied to the pandemic remain steadfast in their position. Cheddar's Alex Vuocolo takes a look at team transitory and its critics.
Michigan’s attorney general says she drank too much booze before a big football game between Michigan and Michigan State.
Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.
President Joe Biden is using his first Veterans Day in office to announce an effort to better understand, identify and treat medical conditions suffered by troops deployed to toxic environments.
A judge in Michigan has approved a $626 million settlement for Flint residents and others who were exposed to lead-contaminated water.
Until recently, abortion was criminalized in Mexico. Now, Mexico's Supreme Court decriminalized abortion at the same time the strictest abortion law in the United States went into effect in Texas, changing the dynamics of seeking abortions in the region.
Biden is holding up Baltimore’s port as a blueprint on how to reduce shipping bottlenecks that have held back the economic recovery from the coronavirus pandemic
The Democrat and former police officer has since doubled down on his plans to make New York a crypto hub along the lines of Miami,
The fight over anti-abortion ordinances has moved to southwest Ohio where alleged "Sanctuary Cities for the Unborn" are spreading from Texas.
