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.
A first-of-its-kind federal investigation has found two hospitals put a pregnant woman's life in jeopardy and violated federal law by refusing to provide an emergency abortion when she experienced premature labor at 17 weeks.
President Joe Biden is set to host President Ferdinand Marcos Jr. of the Philippines for White House talks Monday as concerns grow about the Chinese navy's harassment of Philippine vessels in the South China Sea.
While doctors fear the dangers of untrained people managing their own hormone replacement therapy, a growing number of transgender people say they see no other option for life-saving care.
Abortion bans in deeply conservative Nebraska and South Carolina each fell a single vote short of passing in their legislatures amid heated debates among Republicans.
Senate Republicans on Thursday blocked a Democratic measure to revive the Equal Rights Amendment, dealing yet another blow to supporters who have pushed for more than five decades to amend the Constitution to prohibit discrimination based on sex.
Former Vice President Mike Pence testified Thursday before a federal grand jury investigating efforts by then-President Donald Trump and his allies to overturn the results of the 2020 presidential election, according to a person familiar with the matter.
Iran reportedly seized another oil tanker in the Gulf of Oman, according to the U.S. Navy.
Transgender lawmaker Zooey Zephyr was barred from participating on the House floor as Republican leaders voted Wednesday to silence her for the rest of 2023 session.
The DeSantis board said Disney’s move to retain control over their property was effectively unlawful and performed without proper public notice.
