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 government’s top infectious disease expert has told a House committee he believes "it will be when and not if" there will be a COVID-19 vaccine.
Cheddar's Need2Know Podcast for Tues., June 23, 2020.
On Monday, every driver and their crews joined Bubba Wallace in a show of solidarity before the race that was postponed a day by rain.
Alarming surges in coronavirus cases across the South and West are raising fears that the outbreak is spiraling out of control.
Cheddar's Need2Know Podcast for Mon., June 22, 2020.
Apple is closing 11 stores in Arizona, Florida, North Carolina and South Carolina that it had reopening just a few weeks ago.
Also called Emancipation Day, or Juneteenth Independence Day, Juneteenth is a holiday commemorating the end of slavery in the United States But this second independence day is not a national holiday and most Americans have never even heard of it. Years of systematic racism, segregation, and the oppression of Black Americans have diminished and stamped out efforts to make what should undoubtedly be an American National Holiday.
The director of "Selma,""13th," and "When They See Us," Ava DuVernay, is working to empower other artists to create works to keep law enforcement accountable as police brutality protests have gathered steam throughout the world.
In the midst of a national protest movement calling for an end to systemic racism in the criminal justice system, the idea of celebrating the end of slavery as a national holiday is gaining momentum among political leaders, activists, and corporate head-honchos alike.
NBA Executive, Michele Roberts joins Cheddar to talk discuss being the first woman and person of color to join Cresco Labs' board of directors. Roberts has also been instrumental in the return of the NBA season amid the coronavirus pandemic.
