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.
Several states along with the Federal Trade Commission have launched lawsuits against Facebook for snuffing out competition through acquisitions. Cheddar's Michelle Castillo reports.
Stockton, California Mayor Michael Tubbs, started a pilot UBI program in 2019 that just got a big boost in funding from Twitter CEO Jack Dorsey.
The number of people applying for unemployment aid jumped last week to 853,000, the most since September, evidence that some companies are cutting more jobs as new virus cases spiral higher.
Lawmakers are embracing a one-week extension of government funding to buy time for more COVID-19 relief talks.
Connecticut Attorney General William Tong joined Cheddar to discuss the multi-state antitrust lawsuit against the social media giant Facebook even as the FTC filed its own legal action.
Rep. Jim Clyburn, the Democratic congressman from South Carolina, stood up for President-elect Joe Biden's Cabinet selections so far.
Deaths from the coronavirus in the U.S. have soared to more than 2,200 a day on average.
A deadline set Tuesday under federal law essentially locks in President-elect Joe Biden’s victory, even though President Donald Trump is still falsely claiming he won reelection.
A federal judge has blocked President Donald Trump’s attempts to ban TikTok, the latest legal defeat for the administration as it tries to wrest the popular app from its Chinese owners.
Can President Trump pardon himself? Cheddar takes a look into the controversial issue as his administration approaches its end.
