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.
Republican lawmakers voted to temporarily silence a member of the so-called 'Tennessee Three' during a House session on Monday.
New video showed detained American Paul Whelan inside a Russian prison camp.
Russian President Vladimir Putin will not attend mercenary chief Yevgeny Prigozhin's funeral, according to the Kremlin.
The Biden administration is targeting the blood thinner Eliquis, diabetes treatment Jardiance and eight other medications for Medicare's first-ever drug price negotiations as it seeks to lower medical costs for Americans.
A medical rescue helicopter caught fire and broke apart shortly after takeoff Monday before crashing into an apartment complex near Fort Lauderdale, killing a paramedic captain on board and a resident on the ground, authorities said.
A report showed that 2022 saw a record number of requests to ban books at U.S. public schools.
A federal judge heard arguments on whether to move the case for Mark Meadows to federal court from state.
Former President Donald Trump and the 18 people indicted along with him in Georgia are scheduled to be arraigned next week on charges they participated in a wide-ranging illegal scheme to overturn the results of the 2020 election.
Data gathered by The Associated Press show at least 14 of the 20 most populous U.S. cities are hosting or starting programs, sometimes called civilian, alternative or non-police response teams.
The original march in 1963 drew as many as 250,000 people and helped pave the way for the passage of federal civil rights and voting rights legislation in the next few years.
