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.
Israeli forces are raiding Gaza’s largest hospital, where hundreds of patients, including newborns, have been stranded with dwindling supplies and no electricity.
Nikki Haley's campaign is investing heavily in Iowa and New Hampshire as the presidential hopeful will be appearing in $10 million worth of TV, radio, and digital ads starting in December.
Paul Pelosi, husband of former House Speaker Nancy Pelosi, testified Monday in the trial of the man accused of breaking into his home and attacking him in October last year.
Thousands of people are expected in Washington, DC Tuesday for a demonstration to support Israel, condemn anti-Semitism, and call for the release of the roughly 240 hostages held by Hamas.
