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.
According to new research by Twitter, the social media platform algorithm amplifies content from the "political right" rather than those on the left. The company says this data comes as the platform has been taking the time to research the implications of its algorithm and whether or not it has caused any "unknown harm". President and CEO of Media Matters for America Angelo Carusone, joined Cheddar to discuss more.
Jill and Carlo cover the latest developments in the Alec Baldwin prop gun shooting, when vaccines for kids as young as 5 should be approved, new reporting on Facebook and more.
Dana Sussman, deputy executive director at the National Advocates for Pregnant Women, joined Cheddar News to talk about Brittney Poolaw, who was sentenced to four years in state prison for a miscarriage she suffered last year.
Despite Joe Biden having won the state of Virginia in 2021 by 10 points, the race between his fellow Democrat Terry McAuliffe and Donald Trump-endorsed Republican Glenn Youngkin has tightened considerably down to the wire. Dave Levinthal, the deputy Washington bureau chief for Insider, joined Cheddar to give his analysis of the bellwether gubernatorial race in the year before the midterm elections.
Laura Vozzella, local reporter for the Washington Post, joins Cheddar News to discuss the razor-thin edge Democrat Terry McAuliffe has over Republican candidate Glenn Youngkin in the 2021 Virginia gubernatorial election.
A judge has temporarily put on hold United Airlines' unpaid leave policy for workers who claimed either religious or medical exemptions from COVID vaccinations. Six workers filed a suit against the company, calling the policy unreasonable.
President Joe Biden took to the podium to discuss the deal that will keep the Port of Los Angeles open for business 24 hours a day, seven days a week as the nation grapples with supply chain issues.
Members of the House returned to Washington, DC, on Tuesday to vote on a short-term increase of the U.S. debt limit. The temporary measure will allow the federal government to pay its bills until December 3.
