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.
Virginia's governor says a towering statue of Confederate Gen. Robert E. Lee will be removed as soon as possible from Richmond’s Monument Avenue.
Nearly 1.9 million people applied for U.S. unemployment benefits last week, evidence that many employers are still cutting jobs even as the gradual reopening of businesses has slowed the pace of layoffs.
Loralei HoJay, a law student who started a petition on Change.org seeking justice for Breonna Taylor, talked to Cheddar on Wednesday. Taylor, a black woman, was killed by police when they affected a no-knock raid on her home by mistake.
Chinese regulators said Thursday more foreign airlines will be allowed to fly to China as anti-coronavirus controls ease, but it was unclear whether the change will defuse a fresh conflict with the Trump administration over air travel.
The three other police officers on the scene when a Minneapolis officer pressed his knee on George Floyd’s neck have been charged with aiding and abetting a murder.
Virginia Gov. Ralph Northam is expected to announce plans Thursday for the removal of an iconic statue of Confederate Gen. Robert E. Lee from Richmond’s prominent Monument Avenue.
Alphonso David, president of the Human Rights Campaign discussed the need to address the oppression of both LGBTQ and black communities simultaneously.
Stocks closed higher on Wall Street, extending the market's winning streak to a fourth day.
The Trump administration says it will block Chinese airlines from flying to the U.S. later this month.
Breaking with President Donald Trump, Defense Secretary Mark Esper said Wednesday he opposes using military forces for law enforcement in containing current street protests.
