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.
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.
On the heels of the RNC's final night, former senior advisor to President Barack Obama, Valerie Jarrett, joined Cheddar to discuss President Trump's speech.
Derrick Johnson, president and CEO of the NAACP, joined Cheddar to discuss the 2020 March on Washington happening today. Johnson also discussed the need for police reform in the U.S.
President Donald Trump plans to tell voters that Democratic rival Joe Biden would pursue the "most extreme set of proposals ever put forward by a major party nominee" when he delivers his acceptance speech,
Walmart said Thursday it may join Microsoft to buy the U.S. business of TikTok, the popular Chinese-owned video app that has come under fire from the Trump administration.
TikTok CEO Kevin Mayer has resigned amid U.S. pressure for its Chinese owner to sell the popular video app, which the White House says is a security risk.
New York Congresswoman, Yvette Clarke, joined Cheddar to discuss the recent policing shooting of Jacob Blake in Kenosha, Wisconsin. Clarke also discusses Sen. Kamala Harris' nomination as the Democratic candidate for the vice presidency.
U.S. health officials have sparked a wave of confusion after posting guidelines that coronavirus testing is not necessary for people who have been in close contact with infected people.
First lady Melania Trump portrayed her husband as an authentic, uncompromising leader in a Rose Garden address as President Donald Trump turned to family, farmers and the trappings of the presidency to boost his reelection chances on the second night of the scaled-down Republican National Convention.
A new poll from The Associated Press-NORC Center for Public Affairs Research finds 45% of Americans say they are setting aside more money than usual during the coronavirus pandemic.
