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.
Students, lawmakers and religious leaders have joined forces at a temple in Philadelphia to strongly denounce antisemitism on college campuses and in their communities, one day after University of Pennsylvania President Liz Magill resigned amid criticism over her testimony at a congressional hearing.
The former New York City mayor has already been found liable in the defamation lawsuit brought by Ruby Freeman and her daughter, Wandrea “Shaye” Moss, who endured threats and harassment after they became the target of a conspiracy theory spread by Trump and his allies.
Donald Trump says he's decided against testifying for a second time at his New York civil fraud trial. In a social media post Sunday, the former president said he “very successfully & conclusively” testified last month and saw no need to appear again.
The president of Harvard University has apologized for her remarks at a congressional hearing on antisemitism, saying she got caught up in a heated exchange and failed to properly denounce threats of violence against Jewish students.
The House Education and Workforce Committee opened an investigation into MIT, the University of Pennsylvania and Harvard University after an anti-Semitism hearing on Tuesday.
The son of North Dakota Sen. Kevin Cramer was charged with manslaughter and fleeing an officer after a police pursuit ended in a crash that killed the sheriff's deputy.
