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.
President Joe Biden is outlining his plan to make all adult Americans eligible for vaccination by May 1 and get the nation back “closer to normal” by the Fourth of July.
Arkansas Gov. Asa Hutchinson defended his decision to keep much of the economy, including schools, open during the pandemic., as well as signing a near-total abortion ban bill.
When the World Health Organization declared a pandemic one year ago on Thursday, it did so only after weeks of resisting the term and maintaining the coronavirus could still be stopped.
Prince William says that his family is not racist, becoming the first British royal to speak out about accusations of bigotry made by Prince Harry and Meghan, his brother and sister-in-law.
Congress has sent President Joe Biden the landmark $1.9 trillion COVID-19 relief bill.
Eisenhower’s interstate system was the biggest infrastructure project of its time. What justified the cost was its potential to connect all corners of America, but the unforeseen impacts of the highway system seemed to do the opposite of the intention.
Dr. Anne Zink, chief medical officer for the state of Alaska, spoke to Cheddar about Alaska's remarkable task of getting COVID vaccines to a widespread populace even as the state opens up eligibility to nearly everyone.
Gov. Mike Dunleavy says Alaska has become the first state to drop eligibility requirements and allow anyone 16 or older who lives or works in the state to get a COVID-19 vaccination.
Buckingham Palace says allegations of racism made earlier this week by Prince Harry and Meghan were “concerning” and would be addressed privately by the royal family.
COVID infections are on the rise in U.S. prisons and are accounting for some of the largest outbreaks. Cheddar's Michelle Castillo reports.
