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 we celebrate Black History Month, Cheddar is highlighting prominent Black Americans who are carving their own historic paths and trailblazing in their fields. Today we feature Ketanji Brown Jackson, the first Black woman SCOTUS nominee.
Russia's invasion of Ukraine went hand in hand with cyberattacks against Ukrainian government websites and financial institutions. Cheddar News speaks with cybersecurity expert Karim Hijazi, CEO of Prevaillon, on why the Russian cyberwarfare is concerning to other nations.
Florida legislation being called the 'Don't Say Gay' bill would restrict some discussion of sexual orientation and gender identity in classrooms with young students. Jon Harris Maurer, public policy director at Equality Florida, joins Cheddar News to discuss.
President Joe Biden promised during his campaign to focus on stable and ally-focused foreign policy, and the Russia-Ukraine crisis seems like an opportunity for him to focus on that tactic after last year's chaotic Afghanistan withdrawal. So far, Biden and western allies have banned together to sanction Russian banks, billionaires, and even President Vladimir Putin himself. Meanwhile, Biden has not deployed U.S. troops to intervene directly in Ukraine. Jack Detsch, national security reporter at Foreign Policy, joins Closing Bell to discuss why Biden is focusing on a sanctions-based, ally-focused strategy, what impact sanctions could have on Russia's economy, and more.
As Russia continues its attack on Ukraine, protests are popping up in major cities across the U.S., including across the street from the United Nations in New York City.. Chloe Aiello reports.
