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.
Jerome Powell says the outlook for the U.S. economy is "extraordinarily uncertain."
Health departments around the U.S. that are using contact tracers to contain coronavirus outbreaks are scrambling to bolster their ranks.
The Supreme Court has struck down a Louisiana law regulating abortion clinics, reasserting a commitment to abortion rights over fierce opposition from dissenting conservative justices in the first big abortion case of the Trump era.
Stocks closed sharply lower on Wall Street as the number of confirmed new coronavirus cases in the U.S. hit an all-time high.
The House of Representatives has passed a Washington, DC statehood bill. The bill is unlikely to make it through the senate as republicans oppose adding more representatives, likely democrat, to congress.
Ja'Ron K. Smith, deputy assistant to President Trump, talks White House progress on police reform and how the president is working to uplift Black and Brown communities.
Texas and Florida clamped down on bars again Friday, and the White House coronavirus task force, led by Vice President Pence, held its first briefing in nearly two months.
TJ Ducklo, National Press Sec. for Joe Biden talks Biden campaign strategy and August DNC.
Former Massachusetts governor and co-chair of American Bridge, Patrick Deval talks House police reform bill and need for republicans to stop governing out of fear.
A government watchdog says nearly 1.1 million relief payments totaling some $1.4 billion went to dead people in the government’s coronavirus aid program.
