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.
Ukrainians defied pressure from Moscow with a national show of flag-waving unity Wednesday, while the West warned that it saw no sign of a promised pullback of Russian troops.
The families of nine victims of the Sandy Hook Elementary School have agreed to a $73 million settlement of a lawsuit against the maker of the rifle used to kill 20 first-graders and six educators in 2012.
Russian President Vladimir Putin says that he welcomes a security dialogue with the West as his military reported pulling back some of its troops near Ukraine.
The megadrought bedeviling the American West got even drier last year and is becoming the deepest dry spell in more than 1,200 years.
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 poet and activist Amanda Gorman.
Canadian Prime Minister Justin Trudeau invoked emergency powers Monday to quell the protests by truck drivers and others who have paralyzed Ottawa and blocked border crossings in anger over the country’s COVID-19 restrictions.
Families and gun control advocates are pressing President Joe Biden to do more to address gun violence.
The Biden administration on Friday escalated its dire warnings about a possible Russian invasion of Ukraine, saying it could take place within days, even as diplomatic efforts to resolve the crisis continued.
Two Democrats on the Senate Intelligence Committee say the CIA has a secret, undisclosed data repository that includes information collected about Americans.
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 New York Attorney General Letitia James.
