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.
Anyone under 21 can no longer legally buy cigarettes, cigars or any other tobacco products in the U.S.
These are the headlines you Need 2 Know for Thursday, December 26, 2019.
These are the headlines you Need 2 Know for Tuesday, December 24, 2019.
A look back on the hits and misses from last year's crystal ball on business, tech, politics, and culture.
Over the course of months of investigation into the illness, local authorities in partnership with CDC have narrowed in on a cause for the vaping illness that has sickened 2,506 and killed 54: thickening agent vitamin E acetate.
These are the headlines you Need 2 Know for Monday, December 23, 2019.
A look back on the decade.
Mike Bloomberg's senior advisor Tim O'Brien told Cheddar Friday that the former mayor's time governing a major metropolis will help him moving forward in the race.
These are the headlines you Need 2 Know for Friday, December 20, 2019.
Democratic presidential candidates offered two very different debates during their final forum of 2019. In the first half, they spent much of their time making the case for their electability in a contest with President Donald Trump. The second half was filled with friction over money in politics, Afghanistan and experience.
