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 government figures underscore the continuing damage to businesses and livelihoods from the outbreak that has now killed at least 100,000 people in the U.S.
President Donald Trump is threatening social media companies with new regulation or even closure after Twitter added fact checks to two of his tweets.
Only about half of Americans say they would get a COVID-19 vaccine if the scientists working furiously to create one succeed.
A U.S. appeals court has ruled against major oil companies in lawsuits brought by California cities and counties seeking damages for climate change.
While much of the U.S. remains shuttered, state and local leaders in waterfront communities are beginning to allow beaches, boardwalks, and coastal businesses to open on a limited basis.
Georgia Gov. Brian Kemp is lobbying for the Republican National Convention to be moved to his state, a day after President Donald Trump demanded assurances from North Carolina’s Democratic governor that the convention can go forward in August despite coronavirus fears.
The trading floor of the New York Stock Exchange is reopening for the first time in two months, but it doesn't look — or sound — the same.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
President Donald Trump says he has deemed churches and other houses of worship “essential” and is calling on governors to allow them to reopen this weekend despite the threat of the coronavirus.
Stocks are opening lower on Wall Street following a mixed showing in overseas markets.
