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.
A winter storm that left millions without power in record-breaking cold weather has claimed more lives.
The Senate has acquitted Donald Trump in his impeachment trial. The rare Saturday session comes barely one month since the deadly Jan. 6 siege at the U.S. Capitol.
While Congress negotiates another stimulus package with a price tag of up to $1.9 trillion, some economists are raising concerns that inflationary pressures will return to the economy.
Heather Boushey, a member of the Biden administration's Council of Economic Advisers, spoke with Cheddar about the need to mitigate COVID-19 in order to return Americans to full employment.
Rep. Carolyn Maloney (D-N.Y. 12th District) has introduced a legislative package containing five bills aimed at improving gun safety in the U.S.
Canopy Growth CEO David Klein talked to Cheddar about the confidence he has that the Canadian cannabis company will soon be entering the U.S. market.
The new organization, U.S. Cannabis Council (USCC), will lobby and organize on the state and federal levels to push lawmakers toward ending cannabis prohibition through industry-friendly reforms that promote equity and inclusion.
State Rep. Noel Frame discussed a new proposal by Washington democrats to impose a wealth tax on billionaires to help combat growing inequality.
Andrene Ward-Hammond, who plays Big Mo on Showtime's "Your Honor" talks to Cheddar about how the limited series reflects the ongoing issues of inequity in the U.S. criminal justice system.
After seeing two academic years thrown off course by the pandemic, school leaders around the country are planning for the possibility of more distance learning next fall at the start of yet another school year.
