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.
President Donald Trump’s 2020 reelection campaign was powered by a cell phone app that allowed staff to monitor the movements of his millions of supporters, and offered intimate access to their social networks.
Rep. Chris Pappas is optimistic that President Donald Trump will sign the bipartisan Veterans COMPACT Act to provide mental health care and prevent veteran suicides.
the Trump administration’s unwillingness to begin steps to transition power to President-elect Joe Biden is preventing him from creating a national response, said Kathleen Sebelius, former United States Secretary of Health and Human Services under President Barack Obama.
President-elect Joe Biden on Monday said his administration would strengthen the country's vulnerable economy despite the exploding pandemic as he pushed forward with the business of preparing to assume the presidency.
President Donald Trump has hailed developments in the race for a vaccine for the resurgent coronavirus. He delivered his first public remarks Friday since his defeat by President-elect Joe Biden, even as he refuses to concede the election.
The reason for such calm is that Wall Street doesn't see Trump's anger, tweets or legal actions changing the results. And encouraging data about a potential COVID-19 vaccine has renewed investors' optimism even though virus cases are on the rise.
Just days following the presidential election, Twitter has stepped up its efforts to crackdown on misinformation, but questions are being raised about how marketers and users will interact with social media platforms going forward. Cheddar's Michelle Castillo reports.
New York's Lieutenant Governor, Kathy Hochul, joined Cheddar to discuss new state guidelines set to take effect as COVID-19 cases spike nationwide.
The report by Deutsche Bank proposed a 5% daily tax on each employee that continues to work from home.
California Rep. Ami Bera joined Cheddar to discuss what a transition to the Biden administration could look like for Americans in regards to the coronavirus pandemic. Bera also discusses how a Biden administration will tackle COVID-19 with science.
