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.
As explosions and gunfire thundered outside, Sudanese huddled in their homes for a third day Monday in the capital Khartoum and other cities, while the army and a powerful rival force battled in the streets for control of the country.
Norwegian battery startup Freyr is planning its next factory in an Atlanta suburb because a new U.S. clean energy law offers generous tax credits for local production.
Next month, the IRS will release the first in a series of reports looking into how a publicly run system might be created.
Without citing a reason, the Delaware judge overseeing a voting machine company’s $1.6 billion defamation lawsuit against Fox News announced late Sunday that he was delaying the start of the trial until Tuesday.
“This has been an unspeakable week of tragedy for our city,” said mayor Craig Greenberg.
The Supreme Court said Friday it was temporarily keeping in place federal rules for use of an abortion drug, while it takes time to more fully consider the issues raised in a court challenge.
President Joe Biden announced Thursday that hundreds of thousands of immigrants brought to the U.S. illegally as children will be able to apply for Medicaid and the Affordable Care Act's health insurance exchanges.
Anyone who wants to buy a gun in Michigan will have to undergo a background check, and gun owners will be required to safely store all firearms and ammunition when around minors under new laws signed Thursday by Gov. Gretchen Whitmer.
In Ireland this week, well-wishers have lined the streets to catch a mere glimpse of President Joe Biden. Photos of his smiling face are plastered on shop windows, and one admirer held a sign reading, “2024 — Make Joe President Again.”
A Massachusetts Air National Guardsman has appeared in court, accused in the leak of highly classified military documents.
