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 one day left, Democratic presidential nominee Joe Biden maintains a strong lead nationally over President Trump, though his margin narrowed in the final days of the race.
A federal judge has rejected a last-ditch Republican effort to invalidate nearly 127,000 votes in Houston.
For some historically Black colleges and universities, the impact of coronavirus is hitting especially hard and compounding existing financial woes.
Speaking early Monday at a campaign rally in Opa-locka, Florida, Trump expressed frustration that the surging cases of a virus that has killed more than 231,000 people in the United States remains in the news, sparking chants of “Fire Fauci” from his supporters.
While snapping a selfie with a sealed envelope is perfectly legal, memorializing your marked ballot with a photo can be against the law in some states.
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.
Former White House communications director, Anthony Scaramucci, joined Cheddar to discuss Biden versus Trump in the 2020 election.
More than 9 million ballots have been cast as of Friday in the nation’s second most-populous state, exceeding the 8.9 million cast in 2016,
Each state has different rules on when it's allowed to start counting early ballots. That is going to produce results coming in at very different times — perhaps days or even weeks after Election Day.
Following today's big tech hearing, former Virginia Senator Barbara Comstock, joined Cheddar to discuss the government's role in regulating the industry and why it is bad for business.
