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.
Dr. Beth Cameron, who is currently vice president of global biology programs at the Nuclear Threat Initiative, was previously a senior director in the White House pandemic office under the National Security Council.
The White House is requiring everyone who enters the West Wing to wear a mask or face covering.
Tesla CEO Elon Musk confirmed on Twitter Monday that the company has restarted its California factory in violation of local government orders.
The Navajo reservation spans three western U.S. states and has some of the highest rates of coronavirus in the country. With roughly 175,000 people living there, the tribe has seen 3,122 cases. At least 100 people have died.
Stocks are dipping in early trading on Wall Street Monday and giving back some of the strong gains made last week.
Coronavirus has forced New York City teachers to fundamentally change how they educate students. Now they're fighting for their own vision of how and when schools should reopen.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Businesses from coast-to-coast were forced to closed their doors when the coronavirus outbreak arrived in the U.S. Practically overnight, 33 million Americans (so far) suddenly lost their livelihoods. Cheddar is speaking to some of these workers who have found themselves unexpectedly unemployed in today's turbulent environment.
Unprecedented pressure from the coronavirus pandemic has forced the closure of roughly 35 percent of food pantries in New York City, just as the number of residents facing food insecurity has surged by about 800,000 to two million.
To restaurants and bars struggling to stay open for food delivery and pick-up, the ability to add high-margin cocktails and mixed drinks to the check has provided a crucial revenue stream.
