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 Treasury Department says 39 million families are set to receive monthly child payments beginning on July 15.
China has landed a spacecraft on Mars for the first time in the latest step forward for its ambitious space program.
Gas shortages have spread from the South, almost exhausting supplies in Washington, DC. The runs on gasoline follow a ransomware cyberattack that forced a shutdown of the nation’s largest gasoline pipeline.
Cheddar explains why some European countries are building new bicycle superhighways and how it'll transform their transportation landscape.
Two men detained by British immigration officials in Glasgow have been released after a seven-hour standoff between hundreds of protesters and Scottish police.
Republicans have vaulted Rep. Elise Stefanik into the ranks of House leadership. The upstate New York Republican was elected to the party's No. 3 post on Friday.
The CDC is easing indoor mask-wearing guidance for fully vaccinated people, allowing them to safely stop wearing masks inside in most places. The new guidance was announced Thursday at the White House.
The number of Americans seeking unemployment benefits fell last week to 473,000, the latest evidence that fewer employers are cutting jobs as consumers ramp up spending and more businesses reopen.
A worrisome bout of inflation struck the economy in April, with U.S. consumer prices surging 0.8%, the largest monthly jump in in more than a decade and the year-over-year increase reaching its fastest rate since 2008.
Republicans have dumped Rep. Liz Cheney from her House leadership post. The reason: Her persistent repudiation of President Donald Trump’s election falsehoods.
