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 number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.
Congress confirmed Democrat Joe Biden as the presidential election winner early Thursday after a violent mob loyal to President Donald Trump stormed the U.S. Capitol.
Angry supporters of President Donald Trump have stormed the U.S. Capitol in a chaotic protest aimed at thwarting a peaceful transfer of power.
Democrats have won both Georgia Senate seats — and with them, the U.S. Senate majority. That's a stunning defeat for President Donald Trump in his final days in office and it dramatically improves the fate of President-elect Joe Biden’s progressive agenda.
The U.S. Capitol locked down Wednesday with lawmakers inside as violent clashes broke out between supporters of President Donald Trump police.
President-elect Joe Biden has selected Merrick Garland, a federal appeals court judge, as his attorney general, two people familiar with the selection process said Wednesday.
Georgia voters are set to decide the balance of power in Congress in a pair of high-stakes Senate runoff elections.
With Georgia's Senate runoff election underway, a pair of local environmental activists are spreading their message about the need to fight climate change.
SocialFlow tracked clicks per million residents on runoff-related stories in the two weeks leading up to the election, which will ultimately decide which political party will control the Senate.
California Assemblywoman Lorena Gonzalez, author of the state's Fair Food Delivery Act of 2020 bill joined Cheddar to discuss the ramifications of the legislation for both smaller restaurants and third-party delivery platforms.
