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 State Department says it's looking into the apparent disappearance of a nearly $6,000 bottle of whisky given more than two years ago to then-Secretary of State Mike Pompeo by the government of Japan.
A majority of state Assembly members support beginning impeachment proceedings against Gov. Andrew Cuomo if he doesn’t resign over investigative findings that he sexually harassed at least 11 women.
Lobbyists for the crypto industry are calling for last-minute revisions to an infrastructure bill provision that could fundamentally change how the federal government treats holders of digital assets.
The Centers for Disease Control and Prevention has issued a new moratorium on evictions that would last until Oct. 3.
Cuomo Report, Evictions Halted & Passenger From Hell
The Biden administration will announce a new 60-day eviction moratorium that would protect areas where 90% of the U.S. population lives.
An investigation into New York Gov. Andrew Cuomo has found that he sexually harassed multiple current and former state government employees.
New York City will soon require proof of COVID-19 vaccinations for anyone who wants to dine indoors at a restaurant, see a performance or go to the gym, Mayor Bill de Blasio announced Tuesday.
Biles Takes the Beam, Vax Milestone & 'Lord of the Rings' First Look
Sen. Lindsey Graham has tested positive for the coronavirus. The South Carolina Republican is the first senator to disclose a breakthrough infection after being vaccinated.
