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.
President Donald Trump’s 2020 reelection campaign was powered by a cell phone app that allowed staff to monitor the movements of his millions of supporters, and offered intimate access to their social networks.
Rep. Chris Pappas is optimistic that President Donald Trump will sign the bipartisan Veterans COMPACT Act to provide mental health care and prevent veteran suicides.
the Trump administration’s unwillingness to begin steps to transition power to President-elect Joe Biden is preventing him from creating a national response, said Kathleen Sebelius, former United States Secretary of Health and Human Services under President Barack Obama.
President-elect Joe Biden on Monday said his administration would strengthen the country's vulnerable economy despite the exploding pandemic as he pushed forward with the business of preparing to assume the presidency.
President Donald Trump has hailed developments in the race for a vaccine for the resurgent coronavirus. He delivered his first public remarks Friday since his defeat by President-elect Joe Biden, even as he refuses to concede the election.
The reason for such calm is that Wall Street doesn't see Trump's anger, tweets or legal actions changing the results. And encouraging data about a potential COVID-19 vaccine has renewed investors' optimism even though virus cases are on the rise.
Just days following the presidential election, Twitter has stepped up its efforts to crackdown on misinformation, but questions are being raised about how marketers and users will interact with social media platforms going forward. Cheddar's Michelle Castillo reports.
New York's Lieutenant Governor, Kathy Hochul, joined Cheddar to discuss new state guidelines set to take effect as COVID-19 cases spike nationwide.
The report by Deutsche Bank proposed a 5% daily tax on each employee that continues to work from home.
California Rep. Ami Bera joined Cheddar to discuss what a transition to the Biden administration could look like for Americans in regards to the coronavirus pandemic. Bera also discusses how a Biden administration will tackle COVID-19 with science.
