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.
Apple this week removed a smartphone app called HKmap.live that was used by pro-democracy demonstrators in Hong Kong to track police movements, and Google dropped a smartphone game that lets users role-play as protesters in the city.
These are the headlines you Need 2 Know for October 10, 2019.
Rep. Clarke of New York echoed the words of House Intelligence Committee chair, Adam Schiff, claiming that the move to prevent Ambassador to the EU, Gordon Sondland, from speaking to Congress, is indicative of a crime by itself.
These are the headlines you Need 2 Know for Tuesday, October 8th, 2019.
Daryl Morey, the Houston Rockets' general manager, tweeted in solidarity with protesters in Hong Kong, which was met with an immediate backlash in China
Leo Simonovich, global head of industrial cyber and digital security for Siemens Gas and Power, spoke with Cheddar about the evolving threat to utilities and other industrial sites.
These are the headlines you Need 2 Know for Monday, October 7th, 2019.
The U.S. economy added 136,000 jobs in September, indicating sustained — yet slowing — growth amid increasing concerns of an economic downturn.
These are the headlines you Need 2 Know for Friday, October 4, 2019.
These are the headlines you Need 2 Know for Thursday, October 3, 2019.
