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.
An ancient Christian mosaic bearing an early reference to Jesus as God is at the center of a controversy that has riled archaeologists: Should the centuries-old decorated floor, which is near what's believed to be the site of the prophesied Armageddon, be uprooted and loaned to a U.S. museum that has been criticized for past acquisition practices?
Congressional leaders are pitching a stopgap government funding package to avoid a federal shutdown after next month, acknowledging the House and Senate are nowhere near agreement on spending levels to keep federal operations running.
The new Emerson poll of Republican voters shows former President Donald Trump far ahead of his rivals for the 2024 nomination, but for the first time, former New Jersey Governor Chris Christie has surpassed Florida Governor Ron DeSantis.
A former high-ranking FBI counterintelligence official pleaded guilty Tuesday to conspiring to violate sanctions on Russia by going to work, after he retired, for an oligarch he once investigated.
Donald Trump has now been indicted in a fourth case, with the former president being charged Monday in Georgia over his efforts to overturn his 2020 general election defeat in the state.
