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.
Vice President Mike Pence defended the Trump administration’s handling of the COVID-19 pandemic that has killed more than 210,000 Americans Wednesday night, while his Democratic challenger, Kamala Harris, condemned “the greatest failure of any presidential administration” during a largely civil debate dominated by the coronavirus.
A look at how claims from Vice President Mike Pence and Senator Kamala Harris stack up with the facts.
U.S. Surgeon General, Jerome Adams, joined Cheddar to discuss why he feels Americans should trust in a coronavirus vaccine once it clears the protocols.
Vice President Mike Pence and his Democratic challenger, California Sen. Kamala Harris, are set to face off in a debate that will offer starkly different visions for a country confronting escalating crises.
Despite close competition from other pressing issues, the economy is still the top concern for voters, according to a new Cheddar/SurveyUSA poll.
Democratic lawmakers are calling for Congress to rein in Big Tech, possibly forcing Facebook, Google, Amazon, and Apple to break up their businesses.
Former Vice President Joe Biden leads President Donald Trump by 10 points in the 2020 presidential race, according to a new Cheddar/SurveyUSA poll,.
President Donald Trump says he has instructed aides to stop negotiating on another round of COVID-19 relief until after the election.
Federal Reserve Chair Jerome Powell warned Tuesday that a tentative recovery from the pandemic recession could falter unless the federal government supplies additional economic support.
The Food and Drug Administration has laid out its safety standards for developers of COVID-19 vaccines after the White House blocked their formal release.
