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.
The timeline raised concern among public health experts about an “October surprise" — a vaccine approval driven by political considerations ahead of a presidential election, rather than science.
The House Oversight Committee has subpoenaed Postmaster General Louis DeJoy for records about widespread delays to mail delivery.
NBA all-star Jrue Holiday is working to combat systemic racism by donating his remaining salary. The New Orleans Pelicans guard is working with Resilia, a technology platform, to track his donations and ensure change is really happening.
Facebook said Tuesday that it removed a small network of accounts and pages linked to Russia's Internet Research Agency, the “troll factory" that has used social media accounts to sow political discord in the U.S. since the 2016 presidential election.
House Majority Leader Steny Hoyer confirmed the U.S. House of Representatives will vote in September on the MORE Act, which seeks to decriminalize cannabis and remove it from the Controlled Substances Act
Mayor Bill de Blasio says New York City is delaying sending students back to classrooms in the nation’s largest public school system.
China on Friday introduced export restrictions on artificial intelligence technology, including the type that TikTok uses to choose which videos to spool up to its users.
A Star of David-adorned El Al plane has landed in Abu Dhabi after flying in from Israel, carrying a high-ranking American and Israeli delegation in the first-ever direct commercial passenger flight to the United Arab Emirates.
Cannabis industry advocates say a lack of an embrace from Republicans over legalization could mean missing out on voters come November..
Twitter's vice president of policy and philanthropy in the Americas Jessica Herrera-Flanigan talks to Cheddar about how political buzz on the social media platform has to be earned instead of purchased.
