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.
Progress for the LGBTQ community was made last week when Andi Mudryk, a long-time disability advocate, became the first openly transgender person appointed to the bench in California. Chris Johnson, White House reporter for the Washington Blade, joins Cheddar News to discuss.
President Biden proposed a new billionaire’s tax, that would subject the richest Americans to a minimum tax rate of 20 percent. The White House says billionaires pay an average tax rate of just eight percent, much lower than the national average of 22 percent. Cheddar News speaks with ProPublica’s Paul Kiel who explains how the regulation would work.
The most popular and most valuable cryptocurrency is also the least eco-friendly - data shows that Bitcoin mining generates the same amount of carbon emissions as the entire country of Thailand. According to nonprofit Fair Planet, 96 million tons of carbon dioxide emissions come from Bitcoin mining every year. Now, a consortium of climate activist groups is calling on the Bitcoin industry to cut its energy use by making changes to its software code. Michael Brune, former executive director of the Sierra Club, joins Cheddar News' Closing Bell to discuss.
Imani Gandy, senior editor for law and policy at Rewire News Group, and co-host of the podcast Boom! Lawyered, joins Cheddar Politics to discuss Ketanji Brown Jackson's upcoming confirmation hearings, and the politics surrounding several Republican attack lines against her in the lead-up.
Susannah Wellford, founder and CEO of Running Start, joins Cheddar News to discuss getting more women involved in politics. Running Start helps provide women and girls the tools they need to get involved in politics, and to see a future where they can become political leaders.
Congressional candidate Melanie D'Arrigo came on Cheddar Politics to talk about her campaign for the Democratic nomination in New York's Third Congressional district. The progressive activist ran in the 2020 primary against incumbent Democratic Rep. Tom Suozzi. The seat is open this time, as Suozzi seeks the New York Governorship.
Reecie Colbert, founder of Black Women Views Media, breaks down the roles of race and partisanship in the Senate hearings for Supreme Court Nominee Judge Ketanji Brown Jackson. She also discusses the importance of standing up for Black women in the public sphere.
Michael Kirk, director of the new Frontline documentary 'Pelosi's Power,' joins Cheddar Politics to discuss House Speaker Nancy Pelosi's long career as a Democratic leader in Congress.
President Joe Biden is ordering the release of 1 million barrels of oil per day from the nation’s strategic petroleum reserve for six months in a bid to control energy prices.
