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 Biden on Tuesday called on the Senate to change its rules to allow the passage of voting rights legislation in his most pointed remarks yet on the issue.
2021's supply chain woes are quickly becoming a 2022 problem as well. Here's what experts are anticipating for Year Two of the supply chain crisis.
U.S. employers added a modest 199,000 jobs last month while the unemployment rate fell sharply, at a time when businesses are struggling to fill jobs with many Americans remaining reluctant to return to the workforce.
A top Tennessee House Republican lawmaker has apologized for losing his temper and being ejected from watching a high school basketball game after getting into a confrontation with a referee.
Locked in a dispute over his COVID-19 vaccination status, Novak Djokovic was confined to an immigration detention hotel in Australia on Thursday.
President Joe Biden addressed the nation Thursday from the U.S. Capitol Building, as it marks one year since rioters breached the building in a deadly attack.
Federal Reserve policymakers at a meeting last month said the U.S. job market was nearly at levels healthy enough that the central bank's low-interest rate policies were no longer needed.
The U.S. and the Iraqi military say a Katyusha rocket has struck an Iraqi military base hosting U.S. troops at Baghdad’s international airport, and in Syria, eight rounds of indirect fire hit a base where members of the U.S.-led coalition are deployed.
A record 4.5 million American workers quit their jobs in November, a sign of confidence and more evidence that the U.S. job market is bouncing back strongly from last year’s coronavirus recession.
American activists are appealing to Tesla Inc. to close a new showroom in China’s northwestern region of Xinjiang, where officials are accused of abuses against mostly Muslim ethnic minorities.
