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.
A former U.S. diplomat has been arrested and accused of being a secret Cuban spy.
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A federal appeals court ruled that former President Donald Trump won't have presidential immunity in civil lawsuits related to the January 6th attack on the Capitol.
The 2023 United Nations Climate Change Conference known as COP28 kicked off in Dubai and major progress is already being made.
California Gov. Gavin Newsom and Florida Gov. Ron DeSantis squared off in a very unusual political debate Thursday night on Fox News.
Retired Justice Sandra Day O'Connor, the first woman on the Supreme Court, died Friday, the high court said.
Sen. Rand Paul successfully performed the Heimlich maneuver on fellow Sen. Joni Ernst as she choked at a GOP lunch that she was hosting.
Israeli fighter jets hit targets in the Gaza Strip minutes after a weeklong truce expired on Friday, signaling that the war with Hamas has resumed in full force.
Democrats on the Senate Judiciary Committee voted Thursday to authorize subpoenas for two prominent conservatives who arranged luxury travel and other benefits for Supreme Court justices, but Republicans planned to object to the legitimacy of the action.
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