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.
U.S. officials say the U.S. is poised to approve sending M1 Abrams tanks to Ukraine, as international reluctance to send tanks to the battlefront against the Russians appeared to begin eroding.
Classified documents were found in former Vice President Mike Pence's Indiana home.
President Joe Biden is again calling for gun safety legislation in the wake of several mass shootings.
The Senate Judiciary Committee on Tuesday held a hearing looking into entertainment giant Live Nation's role in the botched pre-sales process for Taylor Swift's Eras tour.
Documents with classified markings were discovered in former Vice President Mike Pence's Indiana home last week, his lawyer told the National Archives in a letter — the latest in a string of discoveries of confidential information in private residences.
A second mass shooting in California, four Oath Keepers found guilty of seditious conspiracy, and Poland pushes for more tanks for Ukraine. Here is everything you Need2Know for Tuesday, January 24, 2023.
Rachel O’Leary Carmona, the executive director of the Women's March, joined Cheddar News to discuss the current state of abortion care in the United States.
President Joe Biden is expected to tap Jeff Zients, the administration’s former COVID-19 response coordinator, as his next chief of staff.
New York, Connecticut and Virginia are among states where proposed legislation would prohibit anyone convicted of participating in an insurrection from holding public office or a position of public trust, such as becoming a police officer.
Sen. Dick Durbin, the second-ranking Democrat, and familiar Biden critic Sen. Joe Manchin each sharply criticized President Joe Biden on Sunday over Biden's handling of classified materials after the FBI discovered classified documents at his home.
