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.
The mayor of Portland, Oregon, was tear-gassed by the U.S. government late Wednesday as he stood at a fence guarding a federal courthouse during another night of protest against the presence of federal agents sent by President Donald Trump to quell unrest in the city.
Using alarmist language, Trump on Wednesday painted Democrat-led cities as out of control, even though criminal justice experts say the increase in violence in some cities defies easy explanation.
The poll from The Associated Press-NORC Center for Public Affairs Research finds that only about 1 in 10 Americans say daycare centers, preschools and K-12 schools should start the school year like any other.
Sorrento Therapeutics has been approved by the FDA to move forward with Phase 2 trials of its 'Abivertinib' study. ICU patients in some SoCal hospitals will undergo testing of the orally administered drug.
The U.S. says it has ordered China to close its consulate in Houston “to protect American intellectual property" and the private information of Americans.
The largest teacher's union in Florida is suing the state after Education Commissioner Richard Corcoran signed an executive order requiring schools to reopen for in-person learning in just a few weeks.
President Donald Trump sought to paint a rosier picture of the coronavirus for the nation on Tuesday but conceded the pandemic is likely to “get worse before it gets better.”
The Senate Banking Committee approved President Donald Trump’s controversial nominee for the Federal Reserve, Judy Shelton, on a party-line vote Tuesday.
In a newly introduced bill, North Carolina Congressman, Ted Budd, is calling on the TSA to implement temperature checks at airport security check points.
The Justice Department says hackers working with the Chinese government targeted firms developing coronavirus vaccines and stole hundreds of millions of dollars worth of intellectual property and trade secrets from companies worldwide.
