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.
In a defeat for gay rights, the Supreme Court's conservative majority ruled Friday that a Christian graphic artist who wants to design wedding websites can refuse to work with same-sex couples.
House Republicans are divided as they prepare impeachment proceedings against President Joe Biden. Florida Gov. Ron DeSantis said he will eliminate several government agencies if elected. And the White House confirmed that President Biden is using a CPAP machine to deal with sleep apnea.
The Supreme Court ruled Thursday that colleges and universities must stop considering race in admissions, forcing institutions of higher education to look for new ways to achieve diverse student bodies.
Former President Donald Trump is trying to turn the tables on the advice columnist who won a $5 million jury award against him in a sexual abuse lawsuit, saying in a countersuit that she owes him money and a retraction for continuing to insist she was raped even after a jury declined to agree.
Former president Donald Trump continued to deny wrongdoing amid his investigations and criminal case as House Speaker Kevin McCarthy faced criticism for his backtrack on his support for Trump.
