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.
Rep. Eric Swalwell (D-Calif. 15th District)
Officer Kim Potter and Police Chief Tim Gannon both resigned two days after the death of 20-year-old Daunte Wright in Brooklyn Center.
Japan’s government has decided to start releasing treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean in two years.
President Joe Biden and congressional leaders will pay their respects to Evans, who was struck by a car and killed while he manned a barricade near the Senate side of the building.
The U.S. government’s budget deficit surged to an all-time high of $1.7 trillion for the first six months of this budget year.
Will Smith and director Antoine Fuqua have pulled production of their runaway slave drama “Emancipation” from Georgia over the state’s recently enacted law restricting voting access.
The chairman of the Federal Reserve says the U.S. economy is poised for an extended period of strong growth and hiring even though the coronavirus still poses some risk.
Arkansas Governor Asa Hutchinson told Cheddar he tried to stop a ban on transgender treatment for youth, as written, because of its broad language and failure to grandfather in patients already receiving hormonal treatment.
After a sleepy couple of weeks, by Washington standards, it’s back to business as usual with Congress back in town.
Mayor-Elect Tishaura Jones joined Cheddar to discuss her historic victory and what to expect of her priorities for the city of St. Louis going forward.
