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.
Since the 1970s, Iowa has been the home of the first caucus, but it hasn't always selected the eventual nominees for each political party.
These are the headlines you Need 2 Know for Monday, February 3, 2020.
The Senate approved a resolution that will allow a final impeachment vote on Wednesday, after both the Iowa caucuses and the State of the Union address.
Senators voted against calling more witnesses today, after Senator Mitch McConnell called a quorum call, during which McConnell and his Democratic counterpart Chuck Schumer were seen huddling on the floor of the senate, likely discussing how to proceed.
Senators will get four hours of debate Friday before voting on whether to call witnesses and introduce documents — a vote expected to fail.
These are the headlines you Need 2 Know for Friday, January 31, 2020.
While the sitting president faces charges of abuse of power and obstruction of Congress, his two predecessors are also facing a reckoning in the Guantánamo Bay military tribunal. President Trump’s Senate impeachment trial and the Guantánamo Bay tribunal both hinge in large part on the same unresolved issue: how much information can the executive withhold in the name of national security?
Senator John Barrasso (R-Wyo.) told reporters during the break that Republicans have the ”momentum” to move to end the trial tomorrow without witnesses.
Lead House Manager Adam Schiff in Trump's impeachment trial brought a little incredulous humor into the proceedings when he pointed out the Justice Department's contradictory position on subpoenas being presented in federal court on the same day.
The Committee met twice last week but held off making the designation that allows the organization to ramp up the international response to the coronavirus.
