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 law passed Thursday places new restrictions on voting by mail and greater legislative oversight of elections. Democrats and voting rights groups say the law will disproportionately disenfranchise voters of color.
President Joe Biden is leaving the door open to backing fundamental changes in Senate procedure to muscle key parts of his agenda past Republican opposition.
The number of people seeking unemployment benefits fell sharply last week to 684,000, the fewest since the pandemic erupted a year ago and a sign the economy is improving.
Sen. John Hickenlooper (D-Colo.) spoke to Cheddar about how his GOP colleagues should back universal background checks for gun purchasers while avoiding taking a hard stance on changes to the filibuster.
More than three months into the U.S. vaccination drive, many of the numbers paint an increasingly encouraging picture.
Cheddar previews the Thursday, March 25, Congressional hearing to feature Facebook CEO Mark Zuckerberg, Twitter CEO Jack Dorsey, and Google CEO Sundar Pichai.
In an interview with Cheddar, New York State Senator Liz Krueger (D) said that there is now one bill on the table that is almost complete and is agreed upon by all legislative bodies in the state.
Prince Harry has joined the corporate world as employee coaching and mental health firm BetterUp Inc.’s Chief Impact Officer.
Democrats say they are pushing toward a vote on expanded gun control measures as the nation reels from it its second mass shooting in a week.
Rep. Andy Kim of New Jersey talked to Cheddar about his concern that once the news cycle moves on, Americans will forget about the threat that remains against Asian and Asian American people.
