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.
Former President Donald Trump has filed suit against three of the country's biggest tech companies, claiming he and other conservatives have been wrongfully censored.
Haitian President Jovenel Moïse was assassinated in an attack on his private residence early Wednesday, according to a statement from the country’s interim prime minister.
The Pentagon said it has canceled a cloud-computing contract with Microsoft that could eventually have been worth $10 billion and will instead pursue a deal with both Microsoft and Amazon.
Ukraine's defense minister is under pressure from members of the government over the decision to have female military cadets wear mid-heeled pumps in a parade
Conservative Supreme Court Justice Clarence Thomas took a surprising stand on cannabis.
After two months of lower than expected job gains, the June jobs data has brought some cheer to those looking for a faster economic recovery.
America’s employers added 850,000 jobs in June, well above the average of the previous three months and a sign that companies may be having an easier time finding enough workers to fill open jobs.
President Joe Biden has drawn on his own experiences with grief and loss to comfort families affected by the Florida condo collapse.
Donald Trump’s company and its longtime finance chief were charged Thursday in what a prosecutor called a “sweeping and audacious” tax fraud scheme.
The number of Americans applying for unemployment aid fell again last week to the lowest level since the pandemic struck last year.
