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.
These are the headlines you Need 2 Know for Thursday, February 13, 2020.
With two ships at sea, one recently allowed to dock, as quarantines are put in place, the WHO is communicating to countries to change the practice as the cruise industry insists it's able to ramp up its procedures to protect people from the health emergency.
Jessica Jackson, chief advocacy officer at REFORM Alliance, says getting the First Step Act passed in 2019 with the aid of celebrity Kim Kardashian-West, was literally just the initial hurdle in reforming the criminal justice system.
WHO Director-General Dr. Tedros Adhanom Ghebreyesus indicated the body's support has stemmed from the drastic actions China has taken, despite the obvious impact to its citizens and economy.
These are the headlines you Need 2 Know for Wednesday, February 12, 2020.
The operators of a cruise ship that was barred from docking by four governments announced Wednesday it will finally land and disembark passengers in Cambodia.
Political ad spending will reach $6.89 billion this election cycle according to eMarketer, up 63.3 percent compared to the 2016 elections.
Vermont Senator Bernie Sanders declared victory in New Hampshire’s first-in-the-nation primary late Tuesday, maintaining a slim lead over former South Bend Mayor Pete Buttigieg. Minnesota Senator Amy Klobuchar ended the night with a comfortable third-place finish.
Cheddar brings you the latest updates on the New Hampshire primary
CEO Ronan Levy made comments regarding opportunities for psychedelics following a fundraise of $8.5 million by Field Trip.
