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.
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Supreme Court Justice Ruth Bader Ginsburg was remembered Wednesday at the court in front of grieving family, colleagues and friends as a prophet for justice who persevered against long odds to become an American icon.
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For a brief tour of Ginsburg's 27-year stint on the high court, here are five cases — three opinions and two dissents — that provide a look at her influence on business.
Rep. Ruben Gallego addressed the Trump administration's treatment of Hispanic amid the coronavirus pandemic.
Oregon Senator Jeff Merkley joined Cheddar to discuss Senate Democrats' special committee against the climate crisis. Merkley also addresses President Trump's denial of science and the impacts of climate crisis.
Andrew Wheeler, Administrator of the EPA, joined Cheddar to defend the Trump administration's stance on environmental protections and whether science is taken into account when regulations are put in place.
The Federal Reserve Chairman and Treasury Secretary expressed cautious optimism that the U.S. economy is rebounding from the pandemic-induced recession with federal support but that more help from the government is likely needed.
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