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.
New York Gov. Andrew Cuomo Friday said the coronavirus pandemic has hit a "plateau" but stressed that putting New Yorkers back to work hinges on the level of testing that is available across the state.
Arkansas is one of four states in the U.S. that has not passed any stay-at-home orders to combat coronavirus, and Governor Asa Hutchinson plans to keep it that way unless cases spike.
Gayle Smith, a former National Security Council member in the Obama Administration, is spreading the message that the U.S. must look beyond its borders to stop coronavirus.
Alabama withdrew triage guidelines that recommend deprioritizing care and life-saving equipment for intellectually disabled individuals on Wednesday following backlash from disability advocates.
California Governor Gavin Newsom said the state's number of ICU hospitalizations had fallen nearly two percent over the past 24 hours
The S&P 500 index closed out its best week since 1974 with another gain Thursday after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak.
British Prime Minister Boris Johnson has been moved out of intensive care, his office says.
Though New York recorded 799 deaths, a record-high number for the third day in a row, Governor Andrew Cuomo said the novel coronavirus has not killed anyone due to a lack of care and said hospitalizations in the state are nearly flat.
Conservative policy analyst Steve Moore says President Donald Trump needs to double down on the economic policies of his first term to win over the electorate amid the pandemic.
The countries reportedly agreed to a cut of 10 million barrels per day for two months. However, the alleged scale of the cut varied widely, from as little as 2 million barrels a day to as much as 20 million barrels a day.
