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.
House Republicans made post-midnight changes to their sweeping debt ceiling package to win over holdouts, as Speaker Kevin McCarthy pushed ahead Wednesday with plans to launch debate and round up support from his slim majority for a vote this week.
South Korean President Yoon Suk Yeol opened his state visit to Washington on Tuesday by touring a NASA facility with Vice President Kamala Harris as the Biden administration looks to deepen ties with a close ally that it sees as only growing in importance in an increasingly complicated Indo-Pacific.
Colorado is set to become the first state to sign a ‘right to repair’ law allowing farmers to fix their own equipment with a bill signing Tuesday afternoon by Democratic Gov. Jared Polis.
President Joe Biden has formally announced he’s seeking reelection.
Three Tennessee lawmakers who became Democratic heroes for facing expulsion after participating in gun control protests visited the White House on Monday, describing themselves as “representatives of a movement" that is demanding greater restrictions on firearms to save lives.
Speaker Kevin McCarthy is hurtling toward one of the most consequential weeks of the new House Republican majority as he labors to pass a partisan package that would raise the nation's debt limit by $1.5 trillion in exchange for steep cuts that some in his own party oppose.
A former advice columnist’s nearly 30-year-old rape claim against Donald Trump has gone to trial.
President Joe Biden on Tuesday formally announced that he is running for reelection in 2024, asking voters to give him more time to “finish this job” he began when he was sworn into office and to set aside their concerns about extending the run of America’s oldest president for another four years.
The sheriff's office in Carroll County, northeast of Louisville, has hired former Louisville police officer Myles Cosgrove, who fatally shot Taylor in a March 2020 drug raid that used a faulty warrant to break through her door.
The United States has begun facilitating the departure of private U.S. citizens who want to leave Sudan, according to White House national security adviser Jake Sullivan.
