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.
Peter Rawlinson, CEO of electric vehicle maker Lucid Motors, joined Cheddar to discuss its new plant in Arizona and hopes for a more supportive policy on EVs from the incoming Biden administration.
The health agency also announced new guidelines that shorten recommended quarantines after close contact with someone infected with coronavirus. Now people can resume normal activity after 10 days, or seven days if they receive a negative test result.
The Transportation Department issued a final rule Wednesday covering service animals. The rule says only dogs can qualify, and they have to be specially trained to help a person with disabilities.
The head of the United Nations is calling on countries to end what he calls a war on nature and instead embrace a future without carbon pollution triggering global warming.
Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, discusses a wide range of current topics regarding the COVID-19 pandemic with Cheddar.
An influential government advisory panel says health care workers and nursing home residents should be at the front of the line when the first coronavirus vaccine shots become available.
Attorney General William Barr said Tuesday that the Justice Department has not uncovered evidence of widespread voter fraud and has seen nothing that would change the outcome of the 2020 presidential election.
European regulators say they may approve a coronavirus vaccine developed by drugmakers Pfizer and BioNTech within four weeks.
Americans returning home from Thanksgiving break are facing strict new coronavirus measures around the country as health officials brace for a disastrous worsening of the out-of-control surge because of holiday gatherings over the long weekend.
Federal Communications Commission Chairman Ajit Pai, a Republican, says he is leaving the telecommunications regulator on Inauguration Day.
