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.
Voters in all five states with cannabis-related initiatives on the ballot approved those measures by wide margins, representing a clean sweep for the industry — and significant upside for the U.S.-focused cannabis companies.
President-elect Joe Biden is cheering news about the promising development of a coronavirus vaccine, but cautioned Americans need to be aggressive about mask wearing and social distancing as infections continue to surge around the country.
President-elect Joe Biden on Monday named the members of a team of public health and science experts to develop a blueprint for fighting the coronavirus.
President-elect Joe Biden and Vice President-elect Kamala Harris made their victory speeches Saturday night.
Democrat Joe Biden defeated President Donald Trump to become the 46th president of the United States on Saturday, positioning himself to lead a nation gripped by historic pandemic and a confluence of economic and social turmoil.
Kamala Harris made history Saturday as the first Black woman elected as vice president of the United States, shattering barriers that have kept men — almost all of them white — entrenched at the highest levels of American politics for more than two centuries.
Democrat Joe Biden has overtaken President Donald Trump in Pennsylvania and Georgia. That puts Biden on the cusp of winning the presidency since the election hinges on the outcome of tight contests in those battleground states.
The outcome of contests in Georgia, North Carolina, Pennsylvania, and Nevada will determine whether Democrat Joe Biden or President Donald Trump wins.
Former Missouri Secretary of State, Robin Carnahan, joined Cheddar to discuss the 'Count Every Vote' initiative that was started by the National Council on Election Integrity. Carnahan also talks about the record vote-by-mail numbers this year.
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.
