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.
Romney called Trump's actions — the president was impeached on charges of abuse of power and obstructing Congress— "perhaps the most abusive and destructive" violation of oath of office that I can imagine."
Minneapolis City Council member Andrea Jenkins discussed her range of issues including city services, the LGBTQ community, communities of color, infrastructure, economic development, and the future of the U.S. presidency.
These are the headlines you Need 2 Know for Wednesday, February 5, 2020.
Tonight President Donald Trump gets to issue his third State of the Union address to lawmakers and guests on Capitol Hill. Cheddar is keeping track of the night's best moments.
Democratic state Rep. Robert "Renny" Cushing told Cheddar that the Granite State, surrounded by adult-use legal states, needs to get with the times.
Democratic Party officials in Iowa have released more than 60 percent their delayed caucus results. Confusion and chaos still hang over Iowa and its first-in-the-nation presidential contest.
Technology companies and banks led a broad rally for U.S. stocks in midday trading Tuesday following solid gains overseas. China took more steps to soften the financial blow of the virus outbreak and its main stock index rose following a plunge a day earlier.
These are the headlines you Need 2 Know for Tuesday, February 4, 2020.
Voting in the 2020 election kicks off today, exactly nine months before Election Day, as Iowans gather at more than 1,600 caucus sites to pick their favorite candidate.
Councilman Ritchie Torres told Cheddar that cashless businesses might uphold institutionalized racism and discriminate against low-income people who are unbanked or underbanked.
