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.
The number of Americans seeking unemployment aid fell slightly to 787,000, evidence of a job market stumbling in the face of the viral pandemic and the damage it has inflicted on the economy for nearly 10 months.
Congress confirmed Democrat Joe Biden as the presidential election winner early Thursday after a violent mob loyal to President Donald Trump stormed the U.S. Capitol.
Angry supporters of President Donald Trump have stormed the U.S. Capitol in a chaotic protest aimed at thwarting a peaceful transfer of power.
Democrats have won both Georgia Senate seats — and with them, the U.S. Senate majority. That's a stunning defeat for President Donald Trump in his final days in office and it dramatically improves the fate of President-elect Joe Biden’s progressive agenda.
The U.S. Capitol locked down Wednesday with lawmakers inside as violent clashes broke out between supporters of President Donald Trump police.
President-elect Joe Biden has selected Merrick Garland, a federal appeals court judge, as his attorney general, two people familiar with the selection process said Wednesday.
Georgia voters are set to decide the balance of power in Congress in a pair of high-stakes Senate runoff elections.
With Georgia's Senate runoff election underway, a pair of local environmental activists are spreading their message about the need to fight climate change.
SocialFlow tracked clicks per million residents on runoff-related stories in the two weeks leading up to the election, which will ultimately decide which political party will control the Senate.
California Assemblywoman Lorena Gonzalez, author of the state's Fair Food Delivery Act of 2020 bill joined Cheddar to discuss the ramifications of the legislation for both smaller restaurants and third-party delivery platforms.
