Pro-EU parties are set to hold onto two-thirds of the seats at the EU Parliament.Europe Politicsread more
The projected result comes shortly after Conservative Party leader Theresa May announced her resignation as prime minister on Friday morning.Europe Politicsread more
Stocks in Asia were were mixed in Monday morning trade as investors watched for developments from U.S. President Donald Trump's state visit to Japan as well as results from...Asia Marketsread more
Sources say the talks have picked up speed in recent days and could lead to an announcement regarding a merger or partnership by Monday.Autosread more
Biden had criticized Kim Jong Un as a "dictator" and a "tyrant" at a recent rally in Philadelphia. North Korean state media responded by calling Biden a "fool of low IQ" among...Politicsread more
Book income helped self-proclaimed socialist Bernie Sanders join the millionaire class, a group he has often criticized during his decades in politics.Politicsread more
Exit polls showed National Rally, a re-branding of Le Pen's National Front, beating Macron's party by just one seat.Europe Politicsread more
Stocks that are most prone to swine flu fears include Bloomin' Brands, Phibro, Darling Ingredients, Deere, and Hormel, according to analysts.Marketsread more
Trump was speaking at a meeting of Japanese business leaders in Tokyo during his state visit to Japan on Saturday.Marketsread more
You should use your summer vacation to unwind from work stress. Here are some tips for disconnecting while you're away.Technologyread more
If you value reliability and quality over a posh cabin and jealous looks, the Lexus LX 570 two-row is the Japanese Range Rover you need.Autosread more
President Donald Trump's steel and aluminum tariffs are only the first step in re-evaluating trade, said a steel industry CEO.
"We think this is the first round of those type of negotiated solutions, which will probably be a combination of tariffs and quotas," Barry Zekelman, executive chairman and chief executive officer of Zekelman Industries, told CNBC on Friday.
"We do need imports of steel, but we need them responsibly traded in here and at responsible volumes," Zekelman said on "Closing Bell. " "We're looking to stem the quantum flow of imports into the country, so we can produce more steel and employ more people."
Trump signed an executive memorandum on Thursday, imposing tariffs on up to $60 billion in Chinese imports. The tariffs are intended to penalize China for trade practices that the Trump administration says involve stealing American companies' intellectual property. Earlier this month Trump signed an order imposing tariffs on steel and aluminum.
Zekelman said excluding so many countries from the tariffs, in particular South Korea and Brazil, would be a mistake, because then China could simply purchase products by way of another country.
"I don't see that happening," he said. Instead Zekelman said he thinks how much each country will be exempted is up for negotiation.
Zekelman, whose company is the largest independent steel tube manufacturer in North America, with sales exceeding $2.7 billion each year, has been pro steel tariffs for some time. When news broke earlier this month about the tariffs, Zekelman Industries released a press release saying the company would hand out $1,000 bonuses to each employee after the tariffs were implemented, and each year after on the anniversary of the tariffs.
Last August, Barry Zekelman told CNBC: "The pipe and tube industry has been used as a conduit for foreign steel producers, primarily China, to circumvent duties and decimate our industry for many years. We are tired of playing 'whack-a-mole.' The future of our industry is at stake, we don't want handouts, just fair trade!"
A "realistic" solution, by way of negotiated tariffs, Zekelman said, would be good for not only the U.S. and American workers, but also for the European Union.
"That's what it's about: employee more people," he said.