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 federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.
A spokeswoman says the first lady is focused on being a mother and a wife, and serving the country.
The U.S. Roman Catholic Church used a special and unprecedented exemption from federal rules to amass at least $1.4 billion in taxpayer-backed coronavirus aid, with many millions going to dioceses that have paid huge settlements or sought bankruptcy protection because of clergy sexual abuse cover-ups.
Derrick Johnson, president and CEO of the NAACP, talked about the discussions with Facebook's leadership surrounding hate speech and misinformation.
New York City Mayor Bill de Blasio grabbed a roller Thursday to paint Black Lives Matter in front of the namesake Manhattan tower of President Donald Trump.
The Supreme Court has issued a mixed verdict on demands for President Donald Trump’s financial records.
More than a decade after the term was coined by columnist Thomas Friedman in the New York Times, there is a Green New Deal proposal in Congress. Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) have proposed a formal resolution that would frame climate change, economic sustainability and social justice together under a unifying theme, calling for a Depression-era national mobilization similar to FDR's New Deal, and serving as a litmus test for Democratic presidential candidates going forward.
Four months, three million confirmed infections and over 130,000 deaths into the U.S. coronavirus outbreak, Americans are facing long lines at testing sites and going a week or more without receiving a diagnosis.
The Supreme Court is siding with the Trump administration in its effort to allow more employers to opt out of providing no-cost birth control to women as required by the Affordable Care Act.
The schools filed a federal lawsuit Wednesday challenging the Trump administration’s decision to bar international students from staying in the U.S. if they take classes online this fall.
