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.
Wayne County, where Detroit is located, is the third deadliest county in the nation, as its coronavirus death toll has recently climbed to 346, with African Americans accounting for more than 40 percent of that total
President Donald Trump on Tuesday threatened to freeze U.S. funding to the World Health Organization, saying the international group had “missed the call” on the coronavirus pandemic.
Blair Braun from Wisconsin made her way to her polling place despite the ongoing coronavirus crisis but was upset by the necessity of having to do so following court reversals of attempts to postpone the primary or extend absentee voting.
With over 1,400 confirmed coronavirus cases in the city so far, San Diego is prepping for a surge in coronavirus patients.
A big rally on Wall Street is losing steam in afternoon trading Tuesday, undercut in part by another plunge in the price of oil.
New York Gov. Andrew Cuomo on Monday asked President Donald Trump to transition the USNS Comfort, docked at New York City, to begin transitioning to treat coronavirus patients.
Gov. Cuomo revealed that 731 people had died on Monday, the largest single-day increase, bringing the state's total reported death toll to 5,489, roughly half of the nation's total.
President Trump, in spite of his well-documented falsehoods, and mischaracterizations, has so far avoided the bipartisan perception of a “credibility gap” that bedeviled President Lyndon B. Johnson during the Vietnam War era.
The Transportation Department on Tuesday finalized guidance requiring airlines to maintain a minimum level of service to be eligible for some $50 billion in federal aid that was included in the $2 trillion relief package that President Trump signed March 2
The Navy's acting secretary has been forced to apologize after a profanity-laden broadside in which he called the fired commander of the coronavirus-stricken USS Theodore Roosevelt "too naive or too stupid.”
