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.
Advertising analytics company DoubleVerify found in a report that there was a 21 percent increase in "inflammatory news and political content" on websites following January 6.
Sen. Mark Warner (D-Va.) discussed the need for stronger cybersecurity measures for the U.S. prior to the Senate Intelligence Committee hearing on the SolarWinds data breaches in 2020.
The COVID-19 death toll in the U.S. has topped 500,000, all but matching the number of Americans killed in World War II, Korea, and Vietnam combined.
The Celtics and Vistaprint have partnered on the #PowerForward campaign that sets out to provide small, Black-owned businesses in the Boston area $25,000 grants.
500K Covid Deaths, Texas Utility Bills & Arctic Milestone
In a significant defeat for former President Donald Trump, the Supreme Court is declining to step in to halt the turnover of his tax records to a New York state prosecutor.
The surge in pricing is hitting people who have chosen to pay wholesale prices for their power, which is typically cheaper than paying fixed rates during good weather, but can spike when there’s high demand for electricity.
Customs authorities in Ohio say they intercepted a shipment of cereal earlier this month with a special frosting — cocaine.
Democrats who were involved in the questioning during the House Financial Services Committee hearing on the GameStop stock controversy spoke to Cheddar about what they felt they learned.
Southern U.S. cities slammed by winter storms that left millions without power for days have traded one crisis for another.
