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.
Janee Harteau, former Minneapolis police chief, talks disbanding police dept in Minneapolis and how we can effectively reform policing in the U.S.
Stocks scrambled even higher Monday on Wall Street's enthusiasm about the reopening economy, and the Nasdaq composite set a record.
Democrats in Congress are proposing a far-reaching overhaul of America's police procedures and accountability.
After three gloomy months and 21,000 deaths that made it the nation's most lethal hot spot, New York City slowly began reopening Monday in the biggest test yet of Americans' ability to keep the coronavirus in check.
The U.S. economy entered a recession in February, a group of economists declared Monday, ending more than a decade of steady if slow growth.
Dr. Patrice Harris, speaking to Cheddar the day after her tenure at the American Medical Association ended, leaves the nation’s largest association of physicians at a time of remarkable upheaval for the medical community.
Cheddar followed the ongoing demonstrations in New York City on Thursday as protesters vowed to continue pushing back against police brutality and systemic racism.
New Zealand appears to have eradicated the coronavirus for now after health officials said the last known infected person has recovered.
Energy company BP says it will cut its global workforce by 10,000 jobs amid the ongoing impact of the COVID-19 pandemic.
The Trump administration is backing away from a threat to ban all flights to the U.S. by Chinese airlines. It will allow Chinese carriers to operate a total of two flights a week between the two countries.
