House Speaker Paul Ryan (R-WI) and Ways & Means Committee member Rep. David Nunes (R-CA) last week voiced their support for President Trump’s intent to use the GOP tax plan’s border adjustment provision to collect revenue from countries with which the U.S. has a trade deficit, but clarified that while Trump has singled out Mexico…
(Washington, DC) — President Trump announced today that as part of his overall job creation agenda he will launch a Manufacturing Jobs Initiative. The White HouseOffice of the Press Secretary The President will be meeting with some of the world’s most successful and creative business leaders to share their experiences and gain their insights. President Trump plans…
The White House appeared to take a further step toward embracing the border-adjustable tax plan on Friday when Peter Navarro, director of the White House’s new National Trade Council, told CNBC there was “no question that we need a border-adjustable tax of some kind.” The tax would have to be flexible, he said without providing details, but added: “Paul…
The Coalition for a Prosperous America (CPA) has published an analysis of the countries with which the US has the worst trade deficits. In 2015 the USA ran a $746 billion trade deficit in goods, seven times the 1992 level. In those 23 years, the deficit has gone from 1.5% of our GDP to 4.2%.…
