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.
The Taliban's return to power in Afghanistan as the U.S. withdraws is presenting new issues and challenges for social media platforms like Facebook and YouTube.
Biden’s comments at a White House news conference Friday come as the U.S. government struggles to ramp up a massive airlift clearing Americans and other foreigners and vulnerable Afghans, rescuing them from a Taliban takeover of the country.
The number of incidents involving unruly airline passengers is growing, and so are the fines imposed by federal safety officials.
The Biden administration says it will automatically erase student loan debt for more than 300,000 Americans with disabilities that leave them unable to earn significant incomes.
The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low.
The Biden administration will require that nursing home staff are vaccinated against COVID-19 as a condition for those facilities to continue receiving federal Medicare and Medicaid funding.
If you're flying on a plane or taking a train, be ready to keep wearing that face mask for a few more months. The Transportation Security Administration said Tuesday it will extend the face-mask rule on public transportation.
Republican Texas Gov. Greg Abbott has tested positive for COVID-19.
The Taliban have vowed to respect women’s rights, forgive those who fought them and ensure Afghanistan does not become a haven for terrorists.
New Zealand’s government has taken drastic action by putting the entire nation into a strict lockdown after finding a single case of coronavirus infection in the community.
