Mar 7, 2018

03/07/2018: Trump’s chief economics adviser has resigned, and markets are taking notice

A worker cuts steel billets at an iron and steel enterprise in China. ChinaFotoPress/Getty Images

(Markets Edition) With news that Gary Cohn — President Trump's chief economic adviser — has resigned, we'll look at whether the business community has lost a major ally in the Trump administration and why markets aren't pleased with the news. Afterwards, we'll discuss where we are in the process of renegotiating NAFTA, and then explore whether the U.S. steel industry would be able to meet demand if imports fall off.

Segments From this episode

What capacity do U.S. steel manufacturers have to meet demand if tariffs reduced imports?

by Dan Gorenstein

Mar 7, 2018

President Donald Trump continues to press his case that imposing a 25 percent tariff on steel imports will add jobs and strengthen the industry. But some question whether steel manufacturers could meet demand if imports fell off. According to the U.S. Department of Commerce, the U.S. is the largest steel importer in the world, bringing […]

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(Markets Edition) With news that Gary Cohn — President Trump’s chief economic adviser — has resigned, we’ll look at whether the business community has lost a major ally in the Trump administration and why markets aren’t pleased with the news. Afterwards, we’ll discuss where we are in the process of renegotiating NAFTA, and then explore whether the U.S. steel industry would be able to meet demand if imports fall off.