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.
A nurse at an immigration detention center in Georgia says authorities performed questionable hysterectomies, refused to test detainees for COVID-19 and shredded medical records.
Automakers Daimler AG and subsidiary Mercedes-Benz USA have agreed to pay $1.5 billion to the U.S. government and California state regulators to resolve emissions cheating allegations.
The Treasury Department says that the U.S. budget deficit hit an all-time high of $3 trillion for the first 11 months of this budget year.
Senate Democrats have scuttled a scaled-back GOP coronavirus rescue package, saying the measure shortchanges too many pressing needs as the pandemic continues its assault on the country.
Cheddar's JD Durkin writes how former VP Joe Biden could steal the thunder from his incumbent opponent Donald Trump: by announcing his former boss President Obama as a hypothetical candidate for SCOTUS.
A huge fire broke out Thursday at the Port of Beirut, the site of last month's catastrophic explosion that killed nearly 200 people and devastated parts of the capital.
A new book reveals that President Donald Trump seemed to understand the severity of the coronavirus threat even as he was telling the nation that it was no worse than the seasonal flu and insisting that the U.S. government had it totally under control.
A new federal report shows vaping rates among U.S. teenagers fell dramatically this year.
Dr. Anthony Fauci says AstraZeneca's suspension of its COVID-19 vaccine study shows “one of the safety valves” built into the research to spot any potential problems.
A far-right Norwegian lawmaker said Wednesday that he has nominated U.S. President Donald Trump for the Nobel Peace Prize for his efforts in the Middle East.
