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.
Nokomis Fairbanks started tattooing professionally three years ago and recently set up shop at Oracle Tattoo Guild in Lexington, Kentucky. Today, she has no idea when she will be able to pick up her needle again.
Wall Street rallied for its biggest gain in a week as investors find more reasons to hope that the worst of the economic plunge due to the coronavirus pandemic may have passed.
The Justice Department says it's dropping its criminal case against President Donald Trump’s first national security adviser Michael Flynn.
Louis DeJoy, a North Carolina businessman and Trump donor, has been tapped to replace outgoing Postmaster General Megan J. Brennan, an Obama appointee.
The Trump administration has shelved a set of detailed documents created by the nation’s top disease investigators meant to give step-by-step advice to local leaders deciding when and how to reopen public places during the still-raging pandemic.
Stocks climbed in early trading on Wall Street Thursday as reports suggested that even though the economy is still suffering severely, the pace of pain may be decelerating.
President Donald Trump on Wednesday reversed course on plans to wind down his COVID-19 task force, attempting to balance his enthusiasm for “reopening” the country with rising infection rates in parts of the nation.
A late-day slide left stocks mostly lower after a wobbly day of trading, but major technology companies managed to hold on to their gains.
The entrepreneur sued the New York State Board of Elections in April after it canceled the state's presidential primary by stripping Sen. Bernie Sander's name from the ballot.
The U.S. Education Department has finalized campus sexual assault rules that bolster the rights of students who are accused of assault and harassment, reduce legal liabilities for schools and colleges, and narrow the scope of cases they will be required to investigate.
