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.
Senator Jon Tester of Montana joined Cheddar to discuss movement on a new stimulus deal in Congress after talks paused in August. Tester also discusses how Joe Biden can win back rural voters this November.
An Associated Press review found growing allegations that a gynecologist performed surgeries and other procedures that detained migrant women never sought or didn’t fully understand.
Judge Stanley Bastian in Yakima, Washington, said he was issuing a nationwide preliminary injunction sought by 14 states that sued the Trump administration and the U.S. Postal Service.
College towns across the U.S. have emerged as virus hot spots in recent weeks as schools struggle to contain the virus.
As the U.S. treks into the 7th month of the coronavirus pandemic, trust in government agencies and top medical officials is dropping among Republican voters. Dr. Richard Besser, president and CEO of the Robert Wood Johnson Foundation, joined Cheddar to discuss how people can navigate advice from medical professionals as some guidances are deemed political.
The Federal Reserve adjusted its inflation target to seek price increases above 2% annually, a move that will likely keep interest rates low for years to come.
The federal government is outlining a sweeping plan to make COVID-19 vaccines available for free to all Americans.
This week Jon Stewart helped bring forth new legislation aimed at providing financial relief for burn pit victims. Stewart said the battle with congress is just a continued fight in getting first responders aid in the 9/11 Victim Compensation Fund. Cheddar's JD Durkin reports.
Less than five weeks after the conference announced it would push football and other fall sports to spring because of the pandemic, the conference changed course.
President Donald Trump is presiding over the signing of historic diplomatic deals between Israel and the United Arab Emirates and Bahrain that could herald a dramatic shift in Middle East power dynamics.
