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.
With impeachment pressure mounting, the House is speeding ahead to try to oust President Donald Trump from office.
Rep. Swalwell of California didn't mince words when pressing for the removal of Donald Trump from the presidency, along with GOP officials he alleged were his accomplices for inciting the Capitol Hill attack.
Democratic Rep. Bonnie Watson Coleman of New Jersey says she has tested positive for COVID-19.
Following the chaotic scenes of the riot on Capitol Hill, many brands have had to rethink their advertising strategies.
Melania Trump says she's “disappointed and disheartened" by the deadly riot at the Capitol by supporters of her husband.
Mbye Njie, an activist and founder of the Legal Equalizer app, joined Cheddar to explain how the product might help Black and minority drivers and police officers alike during a traffic stop.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
House Speaker Nancy Pelosi says she has spoken to the chairman of the Joint Chiefs of Staff about preventing President Donald Trump from ordering a nuclear strike in his final days in office.
President-elect Joe Biden has introduced the governor of Rhode Island, the mayor of Boston, and a small-business advocate from California as the newest members of his economic team.
Rep. Carolyn Bourdeaux (D-Ga. 7th District), spoke with Cheddar about what's at stake with the Senate runoffs in the Peach State and asks people to remain patient with the results.
