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.
A new band of comic-book heroes is taking on digital human rights and privacy in the 21st century,
The former CEO of CKE Restaurants and a Republican once tapped to be President Donald Trump's Labor Secretary, told Cheddar Monday that a Sanders nomination would be a win for Republicans.
The Dow Jones Industrial Average sank more than 1,000 points as the spread of the new coronavirus threatened wider damage to the global economy. The drop was the worst for the index in two years and wiped out its gains so far in 2020.
These are the headlines you Need 2 Know for Monday, February 24, 2020.
Bernie Sanders scored a resounding victory in Nevada’s presidential caucuses on Saturday, cementing his status as the Democrats' national front-runner amid escalating tensions over whether he’s too liberal to defeat President Donald Trump.
Huawei's U.S. Chief Security Officer Andy Purdy pushed back against accusations by the DOJ against the Chinese company while it does business with other nations such as the UK.
From Wall Street to Silicon Valley, these are the top stories that moved markets and had investors, business leaders, and entrepreneurs talking this week on Cheddar.
Stocks fell in midday trading as investors fretted about more signs that a viral outbreak was spreading and a report showing a sharp weakening in U.S. business activity. Investors headed for safer territory.
U.S. stocks fell in early trading Friday as cases of the new virus swelled in South Korea and more companies warned investors about a hit to their finances. Anxiety over the outbreak has knocked stocks back from record highs and indexes are on track for their first weekly loss after two weeks of gains.
These are the headlines you Need 2 Know for Friday, February 21, 2020.
