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.
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.
Anthony Scaramucci, former White House communications director and founder of Skybridge Capital, talked to Cheddar about his
With control of the Senate hanging in the balance, the increasingly important Latino vote has become a primary target for both Republicans and Democrats in the Peach State.
Britain has become the latest nation to abolish the so-called “tampon tax.”
AP compiled a fact check of President Donald Trump's dizzying array of fuzzy accounting and outright false claims in an extraordinary phone call to Georgia's secretary of state.
President Donald Trump pressured Georgia's Republican secretary of state to “find” enough votes to overturn Joe Biden's win in the state's presidential election.
Ultimately, 2020 filled our headlines and timelines with a myriad of political talking points from impeachment to the election to COVID relief. Here are the 11 biggest political moments of the year.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
