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.
Britain's royal family scrambled Thursday to contain the fallout from the surprise announcement by Prince Harry and Meghan that they plan “to step back” from royal duties, a shift that ignited media outrage and public unease in the U.K.
These are the headlines you Need 2 Know for Thursday, January 9, 2020.
The law that became a key roadblock to the controversial Keystone XL pipeline extension may be getting an overhaul, to the benefit of the oil and gas industry.
Adult-use cannabis legalization remains a priority for New York, said Gov. Andrew Cuomo, who has put social justice-focused legalization on his 2020 to-do list.
Speaker Nancy Pelosi set a House vote for Thursday on limiting President Donald Trump's ability to take military action against Iran as Democratic criticism of the U.S. killing of a top Iranian general intensified.
Trump said the U.S. will impose new sanctions on Iran in his first public remarks since Iranian missiles hit two military bases in Iraq that house American troops.
Damien Kieran, Twitter’s Global Data Protection Officer, spoke to Cheddar about how his team is ensuring compliance with data protection laws around the world.
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A Ukrainian passenger jet carrying 176 people crashed on Wednesday, just minutes after taking off from the Iranian capital's main airport, turning farmland on the outskirts of Tehran into fields of flaming debris and killing all on board.
Iran struck back at the United States for the killing of a top Iranian general early Wednesday, firing a series of ballistic missiles at two Iraqi bases housing U.S. troops in a major escalation that brought the two longtime foes closer to war.
