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.
Senate Republicans have blocked the creation of a bipartisan panel to study the Jan. 6 attack on the Capitol.
Far more Americans are receiving unemployment benefits than the last time the jobless rate was at the current 6.1%.
The world's two largest economies, China and the United States, look to build their own digital currencies even as they look to reign in the private crypto sector.
Excessive sanitizing over COVID-19 fears may actually be harming more than helping. Cheddar explains.
The District of Columbia has sued Amazon, accusing the online retail giant of illegal anticompetitive practices in its treatment of sellers on its platform.
The White House says the United States on Tuesday will reach 50% of American adults fully vaccinated for COVID-19.
The White House says President Joe Biden is awaiting an infrastructure counteroffer from Senate Republicans. But talks are at standstill before a Memorial Day deadline.
The White House has put forward a $1.7 trillion infrastructure counteroffer to Senate Republicans.
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 White House is pushing a new reason to swipe right: Dating apps are starting to offer vaccination badges and “super swipes” for people who've gotten their coronavirus shots.
