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.
Kathy Hochul will become the state’s first female governor once Cuomo's resignation is effective in two weeks.
Gov. Andrew Cuomo says he will resign over a barrage of sexual harassment allegations in a fall from grace a year after he was widely hailed nationally for his detailed daily briefings and leadership during the darkest days of COVID-19.
With a robust vote after weeks of fits and starts, the Senate has approved the $1 trillion bipartisan infrastructure plan.
Members of the U.S. military would be required to have the COVID-19 vaccine beginning Sept. 15, under a plan announced by the Pentagon on Monday and endorsed by President Joe Biden.
Canada is lifting its prohibition on Americans crossing the border to shop, vacation or visit, but the United States is keeping similar restrictions in place for Canadians.
Earth is getting so hot that temperatures in about a decade will probably blow past a level of warming that world leaders have sought to prevent.
The Biden administration has announced that federal student loan payments will remain suspended through January 2022, extending a pause that was scheduled to expire next month.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
The Albany County Sheriff’s office says a woman who accused Gov. Andrew Cuomo of groping her breast at the New York governor’s state residence has filed a criminal complaint against him.
United Airlines will require U.S.-based employees to be vaccinated against COVID-19 by late October, and maybe sooner.
