The Trump administration just started the process of renegotiating NAFTA, the trade deal between the US, Canada, and Mexico that became the template for globalization in the 21st Century. [Stan Sorscher | September 5, 2017 | Huffington Post] This would make more sense if we knew what we want to renegotiate. In 2016, voters answered…
The White House has assured key lawmakers that its threat to begin withdrawing from the U.S.-Korea Free Trade Agreement has — for now — been taken off the table, sources told Inside U.S. Trade. [ Jenny leonard and Isabelle Hoagland | September 6, 2017 | Inside US Trade] According to these sources, the plan to terminate the agreement…
Congress will put together a tax reform bill with the goal of eliminating tax loopholes, simplifying the tax system and reducing tax rates. One loophole that they should eliminate is the most self-destructive tax loophole ever enacted, the Foreign Investors Tax Loophole [Sections §871(h,i,k) and §881(c,d,e) of the Internal Revenue Service code]. Enacted in 1984, it lets…