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 Tennessee senator is getting behind an effort to reform Section 230 of the 1996 Communications Decency Act, which protects online services from legal liability for what users publish on their platforms.
Louisville's mayor said Friday that one of three police officers involved in the fatal shooting of Breonna Taylor will be fired.
Facebook removes Trump campaign ads after Nazi's symbols were depicted. Cheddar's Michelle Castillo reports.
Cheddar's Need2Know Podcast for Fri., June 19, 2020.
Long-term U.S. mortgage rates fell this week as the benchmark 30-year home loan reached a new all-time low.
About 1.5 million laid-off workers applied for U.S. unemployment benefits last week, a historically high number, even as the economy increasingly reopens and employers bring some people back to work.
The Supreme Court has rejected President Donald Trump’s effort to end legal protections for 650,000 young immigrants, a stunning rebuke to the president in the midst of his reelection campaign.
Cheddar's Need2Know Podcast for Thurs., June 18, 2020.
The Atlanta officer who fatally shot Rayshard Brooks in the back after the fleeing man pointed a stun gun in his direction is going to be charged. Fulton County District Attorney Paul Howard made the announcement about Garrett Rolfe during a news conference Wednesday.
With ridership down some 85 percent — and a return to normal still a way off — data suggests New Yorkers are swapping their MetroCards for car keys and taking to the streets.
