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 House is scheduled to vote later Tuesday on a measure to keep the government funded.
Thousands of people are expected in Washington, DC Tuesday for a demonstration to support Israel, condemn anti-Semitism, and call for the release of the roughly 240 hostages held by Hamas.
Maryanne Trump Barry, a retired federal judge and former president Donald Trump 's oldest sister, has died at age 86 at her home in New York.
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Battles between Israel and Hamas around hospitals forced thousands of Palestinians to flee from some of the last perceived safe places in northern Gaza, stranding critically wounded patients, newborns and their caregivers with dwindling supplies and no electricity, health officials said Monday.
Former House Speaker Kevin McCarthy is still undecided about running for re-election.
Secret Service agents protecting President Joe Biden’s granddaughter opened fire after three people tried to break into an unmarked Secret Service vehicle in the nation’s capital, a law enforcement official told The Associated Press.
South Carolina Sen. Tim Scott has dropped out of the 2024 presidential race.
Former House Speaker Kevin McCarthy is undecided about running for re-election.
Thousands took to the streets in San Francisco to protest the kickoff of the Asia Pacific Economic Cooperations Summit.
