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.
Julie Menin, director of New York City Census 2020, told Cheddar Wednesday that the pandemic is a stark reminder that the census is important.
Stocks charged higher around the world Wednesday following an encouraging report on a possible treatment for COVID-19.
President Donald Trump will take executive action Tuesday to order meat processing plants to stay open amid concerns over growing coronavirus cases and the impact on the nation’s food supply.
Stocks gave up an early gain on Wall Street and are mixed in afternoon trading Tuesday. The day’s leaderboard looks like nearly the mirror opposite of stocks’ performance through the market’s sell-off this year.
Because of the coronavirus pandemic the high court is, for the first time in its 230-year history, holding arguments by telephone.
Dr. Richard Besser, president and CEO of the non-profit healthcare organization, the Robert Wood Johnson Foundation, talks about how the pandemic has exposed the harsh inequalities driving poorer health outcomes in the U.S.
Banks trying to submit applications for thousands of small businesses seeking coronavirus relief loans have hit a bottleneck for a second day at the Small Business Administration.
Stocks gave up an early gain on Wall Street and were mixed in late morning trading Tuesday while the price of oil continued its wild ride.
Stocks are rising in early trading on Wall Street as nations and some U.S. states move toward reopening their economies from lockdowns made to restrict the spread of the coronavirus.
Secretary of Housing and Urban Development, Dr. Ben Carson said that the rest of the country will learn a lot from Georgia's experiment.
