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.
Rhode Island Sen. Sheldon Whitehouse, a Democrat, joined Cheddar to discuss what he feels is the need for Joe Biden to win the November election as the country faces the climate crisis.
Japanese Prime Minister Yoshihide Suga has declared Japan will achieve zero carbon emissions by 2050 in his first policy speech since taking over from Shinzo Abe.
Amy Coney Barrett is headed to to the Supreme Court. The Senate has confirmed President Donald Trump’s nominee, with Republicans overpowering Democratic opposition a week before Election Day.
Deaths per day from the coronavirus in the U.S. are on the rise again, just as health experts had feared, and cases are climbing in nearly every state, despite assurances from President Donald Trump over the weekend.
Rep. John Garamendi (D-Calif. 3rd District) joined Cheddar to discuss a new bill he is lobbying for that would bring more shipbuilding to the U.S.
The United States is approaching a record for the number of new daily coronavirus cases in the latest ominous sign of the disease’s grip on the nation.
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.
President Donald Trump says Sudan will start to normalize ties with Israel, making it the third Arab state to do so in the run-up to Election Day.
Fact-checking President Donald Trump and Democratic challenger Joe Biden who sparred Thursday in their final presidential debate, hoping to sway undecided voters in the Nov. 3 election.
Key takeaways from the final 2020 presidential debate between President Donald Trump and Vice President Joe Biden.
