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.
Lloyd J. Austin, the West Point graduate who rose to the Army’s elite ranks and marched through racial barriers in a 41-year career, has won Senate confirmation to become the nation’s first Black secretary of defense.
House Speaker Nancy Pelosi will send the article of impeachment against Donald Trump to the Senate on Monday.
Cheddar takes a look at newly installed President Joe Biden's personal stamp on the Oval Office.
After President Joe Biden’s inauguration went off with only a handful of minor arrests and incidents, more than 15,000 National Guard members are preparing to leave Washington, D.C., and head home.
President Joe Biden is putting into play his national COVID-19 strategy to ramp up vaccinations and testing, reopen schools and businesses, and increase the use of masks.
San Jose Mayor Sam Liccardo, a Democrat, talked to Cheddar about why he believes that former President Trump deserves harsh punishment in connection to the Capitol Hill riots on January 6.
Janet Yellen, set to become the first female treasury secretary, spoke before the Senate Finance Committee and laid out her case for aggressive fiscal action in the months ahead.
President Joe Biden’s top adviser on the pandemic says the United States will again fund the World Health Organization and join its consortium aimed at sharing coronavirus vaccines fairly around the globe.
In his first address as the 46th President of the United States, Joe Biden drove home the message that his administration will be one of unity and healing.
President Joe Biden has signed a series of executive orders from the Oval Office hours after his inauguration.
