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.
A rising generation of Republican stars offered an optimistic view of President Donald Trump's leadership but was undermined on the opening night of the GOP's scaled-back convention by speakers issuing dark warnings about the country's future and distorting the president's record, particularly on the coronavirus pandemic.
President Donald Trump has turned a surprise opening-day appearance at his party’s scaled-down national political convention into an opportunity to cast doubt on the integrity of the fall election.
Video app TikTok is waging a legal fight against the Trump Administration’s efforts to ban the popular, Chinese-owned service over national-security concerns.
Postmaster General Louis DeJoy told lawmakers Monday that he has warned allies of President Donald Trump that the president’s repeated attacks on mail-in ballots are “not helpful,” but denied that recent changes at the Postal Service are linked to the November elections.
Cheddar has learned exclusively that Grammy-nominated musician and crypto entrepreneur Akon is endorsing bitcoin billionaire Brock Pierce for President of the United States, and will serve as chief strategist for Pierce 2020.
The room is set and delegates begin to arrive for the first day of the Republican National Convention, Monday, Aug. 24, 2020, in Charlotte, N.C. (AP Photo/Chris Carlson)
Former South Carolina Rep. Trey Gowdy talks Washington's inability to strike a second stimulus deal and the lack of communication between parties.
Facing public backlash, Postmaster General Louis DeJoy has told a Senate panel that it’s his “sacred duty” to ensure election mail delivery. But he told senators on Friday that he has no plans to restore curbside mail collection boxes or high-speed sorting machines that have been removed.
Sen. Kamala Harris has become a beacon of cautious hope among cannabis advocates and industry insiders who hope she’ll push a more conservative Joe Biden left on cannabis issues.
Political ad spending is up across the board. Cheddar's Michelle Castiillo takes a look at what topics politicians are focusing amid the coronavirus pandemic.
