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.
Coronavirus cases are rising in nearly half the U.S. states. And while many are chalked up to increased testing or to small, local outbreaks, others are more alarming.
As Democrats naturally work to get one of their own into the White House this fall, The Lincoln Project is working toward the same goal and its GOP members believe dissent from within the party can be even more effective.
Army Gen. Mark Milley, chairman of the Joint Chiefs of Staff, says his presence “created a perception of the military involved in domestic politics.”
The federal government recorded a budget deficit of $1.88 trillion for the first eight months of this budget year, larger than even any annual shortfalls in U.S. history.
As massive waves of protesters in communities across the U.S. call for fundamental changes in American policing, former Philadelphia Mayor Michael Nutter told Cheddar the nation must find a balance between good policing and civilian safety.
The skyline of Washington D.C. is stunted. You've probably heard that D.C. can't build skyscrapers taller than the U.S. Capital Building or the Washington Monument. But those are both myths from a bygone era. Cheddar tells the real story.
Wall Street hit the brakes Tuesday, a day after its remarkable, weekslong rally brought the S&P 500 back to positive for the year and the Nasdaq to a record high.
Handling successive protests has required a careful balancing act for Gretchen Whitmer, Democratic governor of Michigan.
Hundreds of mourners packed a Houston church Tuesday for the funeral of George Floyd, the black man whose death has inspired a worldwide reckoning over racial injustice.
IBM says it is getting out of the facial recognition business over concern about how it can be used for mass surveillance and racial profiling.
