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.
Debra Wada, vice chair of the National Commission of Military, National and Public Service discussed what Selective Service entails in light of recent interest from the recent killing of Iranian Gen. Qassem Soleimani.
Senate Majority Leader Mitch McConnell said Tuesday he has secured the Republican votes needed to start President Donald Trump’s impeachment trial and postpone a decision on witnesses or documents that Democrats want.
The Florida congressman is defending the president's actions in authorizing a drone strike that killed Gen. Qassem Soleimani last week and told Cheddar the president acted in self-defense.
As tensions continue to rise in the Middle East, Mike Pompeo answered questions from reporters at the State Department.
A stampede broke out Tuesday at a funeral for a top Iranian general killed in a U.S. airstrike, and at least 40 people were killed and more than 200 were injured as thousands thronged the procession, two Iranian news agencies reported.
These are the headlines you Need 2 Know for Tuesday, January 7, 2020.
Brent oil prices, the international benchmark, hit the $70 mark for the first time in three months and the price of West Texas Intermediate, the American oil benchmark, reached more than $63 a barrel.
In a statement Monday, Bolton, who left the White House in September, says that he has weighed the issues of executive privilege and "concluded that, if the Senate issues a subpoena for my testimony, I am prepared to testify."
Two top Senate Democrats are calling on President Donald Trump to immediately declassify the administration’s reasoning for the deadly strike on an Iranian official.
These are the headlines you Need 2 Know for Monday, January 6, 2020.
