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.
After President Joe Biden’s inauguration went off with only a handful of minor arrests and incidents, more than 15,000 National Guard members are preparing to leave Washington, D.C., and head home.
President Joe Biden is putting into play his national COVID-19 strategy to ramp up vaccinations and testing, reopen schools and businesses, and increase the use of masks.
San Jose Mayor Sam Liccardo, a Democrat, talked to Cheddar about why he believes that former President Trump deserves harsh punishment in connection to the Capitol Hill riots on January 6.
Janet Yellen, set to become the first female treasury secretary, spoke before the Senate Finance Committee and laid out her case for aggressive fiscal action in the months ahead.
President Joe Biden’s top adviser on the pandemic says the United States will again fund the World Health Organization and join its consortium aimed at sharing coronavirus vaccines fairly around the globe.
In his first address as the 46th President of the United States, Joe Biden drove home the message that his administration will be one of unity and healing.
President Joe Biden has signed a series of executive orders from the Oval Office hours after his inauguration.
The push to inoculate Americans against the coronavirus is hitting a roadblock: A number of states are reporting they are running out of vaccine.
The Canadian company behind the Keystone XL oil pipeline says it has suspended work on the pipeline in in anticipation of incoming U.S. President Joe Biden revoking its permit.
Joe Biden swears the oath of office to become the 46th president of the United States, taking the helm of a deeply divided nation and inheriting a confluence of crises arguably greater than any faced by his predecessors.
