President Trump is now using tariffs as a negotiation tactic. Trump tweeted Monday morning saying "tariffs on steel and aluminum will only come off if new and fair NAFTA agreement is signed." Later on Monday Trump told reporters the White House is not backing down. CFRA Equity Research Analyst Matthew Miller explains why his outlook remains positive on the steel sub industry.
"Ultimately Canada and Mexico--the US is an extremely important trading partner for all three groups. We think that in order for steel tariffs to be effective either steel tariffs need to be applied all throughout the NAFTA region to prevent circumvention or it has to be applied across the board," said Miller.
Miller says he is not surprised Trump is leaning towards stiff tariffs, given his promise to protect the steel industry.
The family of a fallen officer is breaking three decades of silence to defend New York City Mayor Eric Adams, who is under scrutiny, partly over a comment he made in an exclusive interview with News 12.
President Joe Biden is heading to South Carolina on Thursday to make the case that economic measures he pushed through Congress despite stiff Republican opposition are helping to keep the deep red state — and others that voted for Donald Trump in 2020 — humming.
By striking a hyphen and two numerals, he extended an annual per-student funding increase from the next two academic years through the next four centuries.
