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.
President Joe Biden visited the collapsed bridge in Pittsburgh that fell just hours before his previously scheduled trip to promote his infrastructure package — a new law that aims to prevent just such disasters.
President Joe Biden and first lady Jill Biden have added a cat to their pet family. The cat's name is Willow, and she's a 2-year-old, green-eyed, gray, and white tabby from a Pennsylvania farm.
Denmark’s government says it will scrap most pandemic restrictions next week, even as neighboring Sweden has extended its own measures for another fortnight.
The Federal Reserve signaled Wednesday that it plans to begin raising its benchmark interest rate as soon as March, a key step in reversing its pandemic-era low-rate policies that have fueled hiring and growth but also escalated inflation.
Supreme Court Justice Stephen Breyer confirmed that he will retire at the end of the high court's current term.
A conservation group is turning over a historic redwood grove on the Northern California coast to descendants of the original Native American inhabitants.
A California city has voted to require gun owners to carry liability insurance in what's believed to be the first measure of its kind in the United States.
Arguably the biggest challenge to the rise of electric vehicles is their outsized demand for rare earth minerals. Cheddar's Alex Vuocolo does a deep dive into the struggle over securing supply chains for a green tech future.
New research suggests giving extra cash to low-income mothers can change their infants’ brain development.
The Pentagon says that Defense Secretary Lloyd Austin has put about 8,500 troops on heightened alert, so they will be prepared to deploy if needed to reassure NATO allies in the face of ongoing Russian aggression on the border of Ukraine.
