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.
Speaking at Georgetown University, Zuckerberg said he recognized that the U.S. and nations worldwide are facing concerning social tensions but warned against the impulse to restrict free speech online.
These are the headlines you Need 2 Know for Thursday, October 17, 2019.
Without mentioning President Donald Trump — by far the most high-profile and contentious leader on Twitter — the company added that tweets with a "clear public interest" would not be removed.
Retail sales for September came out Wednesday morning, showing the first decline in seven months. It was the first decline since February of this year.
These are the headlines you Need to know for Wednesday, October 16, 2019.
The Swamp Bus is the brainchild of the Progressive Change Institute and Revolving Door Project, a two-hour guided bus tour through Washington, DC to see the town's most blatant locations tied to corruption.
Senator Elizabeth Warren, who has topped several recent polls, found herself on the defense during the fourth Democratic presidential debate Tuesday night, as she was forced to defend a number of her progressive policy positions.
The former Republican Congressman from South Carolina so far hasn't pressed his former Capitol Hill colleagues to call for articles of impeachment. Rather, Sanford brought up the idea of "censure" instead.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
These are the headlines you Need 2 Know for Friday, October 11, 2019.
