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.
Federal Reserve policymakers face an unusual conundrum as they meet this week: A short-term economic outlook that is worsening while the longer-term picture is brightening thanks to the emergence of coronavirus vaccines.
Rep. Barbara Lee (D-Calif. 13th District) talked to Cheddar about her hopes that the American people will join in the push toward an equitable cannabis industry.
As members of the Electoral College meet to cast their votes for the 2020 presidential election, Cheddar explores how the body works and whether it's the best option.
The Supreme Court on Friday rejected a lawsuit backed by President Donald Trump to overturn Joe Biden’s election victory, ending a desperate attempt to get legal issues rejected by state and federal judges before the nation’s highest court and subvert the will of voters.
Sen. Tina Smith (D-Minn.) joined Cheddar to discuss the need for the federal government to provide more help to states in order to effectively distribute the COVID vaccines.
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.
Sen. Mike Lee of Utah objected to the creation of the two proposed Smithsonian museums.
Congress has passed a bill to fund the government for another week, giving lawmakers time to reach an agreement on a new coronavirus relief bill.
The final vote was 84-13, mirroring a similarly overwhelming margin in the House that, if maintained in both chambers, would be enough to override a potential veto.
Gun and ammunition sales have surged this year in the U.S. Michelle Castillo investigates.
