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.
Rep. Maxine Waters (D-Calif. 83rd District) on Tuesday joined Cheddar to express her support for the protest movement rocking the nation and to officially endorse Joe Biden for president.
GOP Iowa Rep. Steve King lost his primary race , former CIA agent Valerie Plame, famously outed in a scandal involving the George W. Bush White House, lost her bid for a seat in New Mexico, and Joe Biden comes closer to the official Democratic nomination.
More than 4,000 people have been arrested over the last six days during sweeping protests across the country in response to the police killing of black Minneapolis resident, George Floyd. Cheddar's Megan Pratz takes a deep dive into the rights of protesters and how to protect yourself while demonstrating.
Stocks are closing higher on Wall Street for the third day in a row, continuing a stretch of gains for the market.
The state of Minnesota has filed a human rights complaint against the Minneapolis Police Department in the death of George Floyd who died after an officer pressed his knee into Floyd’s neck for minutes, even after he stopped moving.
Nine states and the District of Columbia are voting. Tuesday's elections will be the largest slate of presidential primaries in almost three months.
Former NAACP President, Ben Jealous, sits with Cheddar's Jill Wagner to speak on nation's unrest and President Trumps response.
Joe Biden blistered President Donald Trump a day after police drove back peaceful protesters near the White House so Trump could pose with a Bible before a damaged church.
Rep. Clarke spoke to Cheddar about the NYPD and Mayor De Blasio's handling on two NYPD squad cars driving into a crowd of protesters over the weekend.
As demonstrations across the country grow more violent by the day, Rashad Robinson says a lack of leadership in the White House is part of the issue.
