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.
Congress has created a new requirement for automakers: Find a high-tech way to keep drunken people from driving cars.
President Joe Biden is using his first Veterans Day in office to announce an effort to better understand, identify and treat medical conditions suffered by troops deployed to toxic environments.
A judge in Michigan has approved a $626 million settlement for Flint residents and others who were exposed to lead-contaminated water.
Until recently, abortion was criminalized in Mexico. Now, Mexico's Supreme Court decriminalized abortion at the same time the strictest abortion law in the United States went into effect in Texas, changing the dynamics of seeking abortions in the region.
Biden is holding up Baltimore’s port as a blueprint on how to reduce shipping bottlenecks that have held back the economic recovery from the coronavirus pandemic
The Democrat and former police officer has since doubled down on his plans to make New York a crypto hub along the lines of Miami,
The fight over anti-abortion ordinances has moved to southwest Ohio where alleged "Sanctuary Cities for the Unborn" are spreading from Texas.
Britain’s Prince Harry has sharply attacked the failure of social media companies to challenge hate online, revealing that he warned the chief executive of Twitter ahead of the Jan. 6 Capitol riots that the site was being used to stage political unrest.
Prices for U.S. consumers jumped 6.2% in October compared with a year earlier as surging costs for food, gas and housing left Americans grappling with the highest inflation rate since 1990.
Mississippi's 2018 law banning almost all abortions after 15 weeks of pregnancy, could be the one to show whether a strong conservative majority on the Supreme Court will uphold or overturn Roe v. Wade
