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.
The Taliban's return to power in Afghanistan as the U.S. withdraws is presenting new issues and challenges for social media platforms like Facebook and YouTube.
Biden’s comments at a White House news conference Friday come as the U.S. government struggles to ramp up a massive airlift clearing Americans and other foreigners and vulnerable Afghans, rescuing them from a Taliban takeover of the country.
The number of incidents involving unruly airline passengers is growing, and so are the fines imposed by federal safety officials.
The Biden administration says it will automatically erase student loan debt for more than 300,000 Americans with disabilities that leave them unable to earn significant incomes.
The number of people seeking unemployment benefits fell last week for a fourth straight time to a pandemic low.
The Biden administration will require that nursing home staff are vaccinated against COVID-19 as a condition for those facilities to continue receiving federal Medicare and Medicaid funding.
If you're flying on a plane or taking a train, be ready to keep wearing that face mask for a few more months. The Transportation Security Administration said Tuesday it will extend the face-mask rule on public transportation.
Republican Texas Gov. Greg Abbott has tested positive for COVID-19.
The Taliban have vowed to respect women’s rights, forgive those who fought them and ensure Afghanistan does not become a haven for terrorists.
New Zealand’s government has taken drastic action by putting the entire nation into a strict lockdown after finding a single case of coronavirus infection in the community.
