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.
David Pressman, an attorney for Lt. Col. Alexander Vindman, accused Trump of exacting revenge and said Vindman was asked to leave for “telling the truth.”
Cybereason's Chief Information Security Officer Israel Barak discussed with Cheddar about preparing for beyond the standard fears of hacking votes.
As the Department of Homeland Security revokes the option of enrolling in travel-expediting programs like Global Entry, some lawmakers looked at the move as retaliation against New York for
The U.S. economy added 225,000 jobs in January, while unemployment ticked up to 3.6 percent, according to a report released today from the U.S. Bureau of Labor Statistics.
In his first public remarks after being acquitted by the Senate, the president took a victory lap, praising individual Republican lawmakers, applauding his defense team, and defending his conduct from the East Room of the White House
Many teens have already moved on to disposable vapes, which are exempt from the federal ban in a major loophole.
These are the headlines you Need 2 Know for Thursday, February 6, 2020.
Following the impeachment and acquittal of President Donald Trump after a bitter partisan battle, Americans now face a new reality that involves serious questions about the ability of the federal government to respect longheld balances of power.
The Senate voted to acquit the president on both counts, 52-48 on abuse of power and 53-47 on obstruction of Congress, after a 12-day impeachment trial, the shortest ever.
An institution that often calls its interest-rate stance “data-dependent,” the Fed is increasingly recognizing that some privately produced data is nearly as accurate as — and often timelier than — the government reports that it has long depended upon.
