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.
U.S. Treasury Secretary Janet Yellen is urging the adoption of a minimum global corporate income tax.
Rep. Jake Auchincloss (D-Mass. 4th District), spoke to Cheddar on how Democrats were insistent on passing Joe Biden's American Jobs Plan even without bipartisan assistance.
Utah’s governor has signed a law requiring biological fathers to pay half of a woman’s out-of-pocket pregnancy costs.
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.
Heather Boushey, a member of the White House Council of Economic Advisors, spoke to Cheddar about the Biden administration's positive outlook on the future of U.S. jobs and the economy.
Major League Baseball has moved the All-Star Game from Atlanta’s Truist Park, a response to Georgia enacting a new law last month restricting voting rights.
A Capitol Police officer has been killed after a man rammed a car into two officers at a barricade outside the U.S. Capitol and then emerged wielding a knife.
The Centers for Disease Control and Prevention updated its guidance Friday to say fully vaccinated people can travel within the U.S. without getting a COVID-19 test or going into quarantine.
Sen. Tammy Duckworth discusses her support for President Biden's infrastructure plan and how it would potentially help improve the economy.
President Biden has named a racially diverse and overwhelmingly female group to federal and other judgeships. His first list of judicial nominees includes three Black women for U.S. courts of appeals.
