Mar 14, 2018

03/14/2018: Why steel tariffs aren’t rattling the markets (yet)

Chinese worker moves aluminum pipes at the Qinghai Guoxin Aluminium Industry Incorporated Company workshop in Xining of Qinghai Province, China. Feng Li/Getty Images

(Markets Edition) Many economists are talking about the dangers of Trump's steel and aluminum tariffs, but his announcement hasn't really been rattling the markets. What gives? Susan Schmidt, senior vice president and portfolio manager at Westwood Holdings Group, joined us to explain why they aren't panicking. Afterwards, we'll look at tensions in Alabama over a state law that makes it illegal for anyone to move or alter a monument that's 40 years or older without special approval. Critics of the law say that it's protecting Confederate memorials.

Segments From this episode

State of Alabama fights local community over Confederate statue

by Kyle Gassiott

Mar 14, 2018

The Alabama Memorial Preservation Act will soon have its first test in court. Alabama’s Attorney General has filed suit against the City of Birmingham for covering part of a Confederate monument.

Birmingham police officers look over the confederate monument in Linn Park after Birmingham Mayor William Bell ordered it covered Aug. 18, 2017 in Birmingham, Alabama. Officers are now guarding the monument continuously.

Hal Yeager/ Getty Images

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(Markets Edition) Many economists are talking about the dangers of Trump’s steel and aluminum tariffs, but his announcement hasn’t really been rattling the markets. What gives? Susan Schmidt, senior vice president and portfolio manager at Westwood Holdings Group, joined us to explain why they aren’t panicking. Afterwards, we’ll look at tensions in Alabama over a state law that makes it illegal for anyone to move or alter a monument that’s 40 years or older without special approval. Critics of the law say that it’s protecting Confederate memorials.