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.
Peter Rawlinson, CEO of electric vehicle maker Lucid Motors, joined Cheddar to discuss its new plant in Arizona and hopes for a more supportive policy on EVs from the incoming Biden administration.
The health agency also announced new guidelines that shorten recommended quarantines after close contact with someone infected with coronavirus. Now people can resume normal activity after 10 days, or seven days if they receive a negative test result.
The Transportation Department issued a final rule Wednesday covering service animals. The rule says only dogs can qualify, and they have to be specially trained to help a person with disabilities.
The head of the United Nations is calling on countries to end what he calls a war on nature and instead embrace a future without carbon pollution triggering global warming.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, discusses a wide range of current topics regarding the COVID-19 pandemic with Cheddar.
An influential government advisory panel says health care workers and nursing home residents should be at the front of the line when the first coronavirus vaccine shots become available.
Attorney General William Barr said Tuesday that the Justice Department has not uncovered evidence of widespread voter fraud and has seen nothing that would change the outcome of the 2020 presidential election.
European regulators say they may approve a coronavirus vaccine developed by drugmakers Pfizer and BioNTech within four weeks.
Americans returning home from Thanksgiving break are facing strict new coronavirus measures around the country as health officials brace for a disastrous worsening of the out-of-control surge because of holiday gatherings over the long weekend.
Federal Communications Commission Chairman Ajit Pai, a Republican, says he is leaving the telecommunications regulator on Inauguration Day.
