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.
President Joe Biden’s son Hunter will plead guilty to federal tax offenses and avoid prosecution on a separate gun charge in a deal with the Justice Department that likely spares him time behind bars.
A White House official said First lady Jill Biden is hosting a roundtable conversation on Tuesday that will bring together women who have been denied medical care since the overturning of Roe v. Wade last year.
Former president Donald Trump told Fox News' Bret Baier said on Monday that he did not show classified documents to anyone else after his term.
President Joe Biden will convene a group of technology leaders on Tuesday to debate artificial intelligence.
More than 1 million people have been dropped from Medicaid in the past couple of months as some states moved swiftly to halt healthcare coverage following the end of the coronavirus pandemic.
Thousands of Iraqis, many of whom risked their lives by working closely with Americans during the war and its aftermath, are trying to enter the U.S.
U.S. Secretary of State Antony Blinken met on Monday with Chinese President Xi Jinping and said they agreed to “stabilize” badly deteriorated U.S.-China ties, but America’s top diplomat left Beijing with his biggest ask rebuffed: better communications between their militaries.
The Massachusetts Air National Guardsman accused of leaking highly classified military documents has been indicted on federal felony charges, the Justice Department said Thursday.
President Joe Biden highlighted progress in chipping away at so-called junk fees as a “win for consumers” Thursday, as he met at the White House with executives from Live Nation, Airbnb and other companies that have taken steps to embrace more transparent pricing.
Texas Gov. Greg Abbott sent a busload of migrants to downtown Los Angeles on Wednesday, prompting Mayor Karen Bass to respond to Abbott's move as a "despicable stunt."
