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 recovery of America’s job market hit a pause last month as many businesses — from restaurants and hotels to factories and construction companies — struggled to find enough workers to catch up with a rapidly strengthening economic rebound.
Amusement park regulation varies from state to state, but no American amusement park receives federal oversight. In fact, the largest parks are free to regulate themselves.
Edward Snowden, a former U.S. National Security Agency and CIA contractor-turned whistleblower, on Thursday criticized what he called bitcoin's lack of privacy protections.
The largest section of the rocket that launched the main module of China’s first permanent space station into orbit is expected to plunge back to Earth as early as Saturday at an unknown location.
The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago
Sen. Elizabeth Warren (D-Mass.), who stopped by Cheddar to discuss her new memoir "Persist," touched on topics ranging from Facebook's ban of former President Trump to dismissing worries over inflation.
President Joe Biden has made a Cinco de Mayo taco and enchilada run to highlight his administration’s $28.6 billion program to help eateries that lost business because of the coronavirus pandemic.
Sen. Chuck Schumer (D-N.Y.) joined the NYC Cannabis Parade, the first since the Empire State legalized marijuana. The senator promised to continue to fight for "fair, just, and full legalization" on a federal level.
Former President Donald Trump won’t return to Facebook. The social network’s quasi-independent Oversight Board has voted to permanently ban his account after it was suspended four months ago for inciting violence that led to the deadly Jan. 6 Capitol riot.
President Joe Biden has set a new vaccination goal to deliver at least one dose to 70% of American adults by July Fourth.
