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 Tennessee senator is getting behind an effort to reform Section 230 of the 1996 Communications Decency Act, which protects online services from legal liability for what users publish on their platforms.
Louisville's mayor said Friday that one of three police officers involved in the fatal shooting of Breonna Taylor will be fired.
Facebook removes Trump campaign ads after Nazi's symbols were depicted. Cheddar's Michelle Castillo reports.
Cheddar's Need2Know Podcast for Fri., June 19, 2020.
Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work.
The Supreme Court has rejected President Donald Trump’s effort to end legal protections for 650,000 young immigrants, a stunning rebuke to the president in the midst of his reelection campaign.
Cheddar's Need2Know Podcast for Thurs., June 18, 2020.
The Atlanta officer who fatally shot Rayshard Brooks in the back after the fleeing man pointed a stun gun in his direction is going to be charged. Fulton County District Attorney Paul Howard made the announcement about Garrett Rolfe during a news conference Wednesday.
With ridership down some 85 percent — and a return to normal still a way off — data suggests New Yorkers are swapping their MetroCards for car keys and taking to the streets.
