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.
New York Gov. Andrew Cuomo Friday said the coronavirus pandemic has hit a "plateau" but stressed that putting New Yorkers back to work hinges on the level of testing that is available across the state.
Arkansas is one of four states in the U.S. that has not passed any stay-at-home orders to combat coronavirus, and Governor Asa Hutchinson plans to keep it that way unless cases spike.
Gayle Smith, a former National Security Council member in the Obama Administration, is spreading the message that the U.S. must look beyond its borders to stop coronavirus.
Alabama withdrew triage guidelines that recommend deprioritizing care and life-saving equipment for intellectually disabled individuals on Wednesday following backlash from disability advocates.
California Governor Gavin Newsom said the state's number of ICU hospitalizations had fallen nearly two percent over the past 24 hours
The S&P 500 index closed out its best week since 1974 with another gain Thursday after the Federal Reserve launched its latest unprecedented effort to support the economy through the coronavirus outbreak.
British Prime Minister Boris Johnson has been moved out of intensive care, his office says.
Though New York recorded 799 deaths, a record-high number for the third day in a row, Governor Andrew Cuomo said the novel coronavirus has not killed anyone due to a lack of care and said hospitalizations in the state are nearly flat.
Conservative policy analyst Steve Moore says President Donald Trump needs to double down on the economic policies of his first term to win over the electorate amid the pandemic.
The countries reportedly agreed to a cut of 10 million barrels per day for two months. However, the alleged scale of the cut varied widely, from as little as 2 million barrels a day to as much as 20 million barrels a day.
