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.
Vice President Mike Pence defended the Trump administration’s handling of the COVID-19 pandemic that has killed more than 210,000 Americans Wednesday night, while his Democratic challenger, Kamala Harris, condemned “the greatest failure of any presidential administration” during a largely civil debate dominated by the coronavirus.
A look at how claims from Vice President Mike Pence and Senator Kamala Harris stack up with the facts.
U.S. Surgeon General, Jerome Adams, joined Cheddar to discuss why he feels Americans should trust in a coronavirus vaccine once it clears the protocols.
Vice President Mike Pence and his Democratic challenger, California Sen. Kamala Harris, are set to face off in a debate that will offer starkly different visions for a country confronting escalating crises.
Despite close competition from other pressing issues, the economy is still the top concern for voters, according to a new Cheddar/SurveyUSA poll.
Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon, and Apple to break up their businesses.
Former Vice President Joe Biden leads President Donald Trump by 10 points in the 2020 presidential race, according to a new Cheddar/SurveyUSA poll,.
President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.
Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government supplies additional economic support.
The Food and Drug Administration has laid out its safety standards for developers of COVID-19 vaccines after the White House blocked their formal release.
