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.
Q&A with Senator Elizabeth Warren on coronavirus response, easing student debt as the economy crashes, and how to get through this difficult time.
If a measure for fossil fuels is included, the groups insist, similar support should be extended to clean energy and electric vehicles, insiders tell Cheddar.
New York Governor Andrew Cuomo said new projections from health officials suggest instead of flattening, "the curve is increasing" and lambasted the federal government for its lack of action on distributing ventilators and for refraining from using the Defense Production Act.
President Donald Trump is weighing how to refine nationwide social-distancing guidelines to put some workers back on the job amid the coronavirus outbreak.
The IOC announced a first-of-its-kind postponement of the Summer Olympics on Tuesday, bowing to the realities of a coronavirus pandemic that is shutting down daily life around the globe and making planning for a massive worldwide gathering in July a virtual impossibility.
Andrea Flores, the deputy director of policy for the Equality Division of the American Civil Liberties Union, said the virus is weighing on the immigrant population.
That federal emergency stimulus check could be delivered to Americans through a new digital wallet maintained by your friendly neighborhood Federal Reserve member bank.
New York Senator and former presidential candidate Kirsten Gillibrand spoke with Cheddar on Monday about why she joined fellow Democratic lawmakers in opposing the latest $2 trillion stimulus bill.
Despite localized reductions in emissions and pollution due to coronavirus-related shutdowns, it doesn't mean that the pandemic and ensuing economic crisis will somehow turbocharge the globe's glacial steps toward reducing humanity's impact on the environment.
Stocks are down more than 3 percent in tumultuous trading on Wall Street as investors wait to see if Democrats and Republicans can settle their differences on an economic rescue package.
