Trump presses tariffs as GOP and industry push back
President Trump signals 25 percent steel and 10 percent aluminum tariffs amid GOP caution. White House adviser Gary Cohn plans to depart, signaling resolve. Senate leaders urge restraint while Mnuchin stresses avoiding undue harm to the economy. Canada and Mexico may be exempt if terms improve under NAFTA.
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U S steel rides demand as tariffs loom
Amid tariff threats, U S steelmakers report strong 2017 profits of over 2.8 billion and 8 000 plus jobs added through January 2018. Republic Steel plans to restart blast furnaces in Lorain boosting output to about 1 million tons annually. CEO David Burritt says 2018 starts from a solid position with rising demand.
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Oregon 20-year-old sues Dick’s and Walmart over age gun sale ban
A 20-year-old Oregon man sues Dick’s Sporting Goods and Walmart claiming age discrimination after both retailers refused to sell him rifles due to the 21-year-old age limit. He seeks a court order blocking the policies and punitive damages. Oregon law allows 18-year-olds to buy rifles, and the case follows nationwide gun policy changes after the Florida school shooting. The lawsuits, in Jackson and Josephine counties, target Dick’s in Medford and Walmart in Grants Pass.
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Stocks mixed as tariffs and markets swing on trade and talks
U S stocks edged higher on Tuesday with gains in retailers and industrials while metals prices lifted mining firms. The Nasdaq rose 0.6 percent and the S P 500 gained 0.3 percent as investors weighed Trump tariff plans and potential retaliation.
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