Mercedes-Benz, the luxury unit of Daimler AG , recently learned the price of crossing Beijing. Earlier this month the German car maker was attacked by state media after posting an anodyne Dalai Lama quote on Instagram. The company quickly and abjectly apologized to the Chinese government. It then went further, promising “no support, assistance, aid or help to…
President Trump’s tough talk on trade and the tariffs he recently imposed on imported washing machines and solar panels, as well as the ones he threatened on foreign steel and aluminum, would seem straight out of the populist playbook. But in terms of targeting the real grievances of his popular base, they largely miss the mark. [Dani…
By Jeff Ferry, CPA Research Director In a highly polarized nation, Facebook has accomplished the amazing achievement of getting itself intensely disliked by both right and left. The right detests it because its newsfeed has demonstrated a distinctly progressive bias, reflecting the worldview of the majority of its 25,000 youthful employees, while the left resents…
NAFTA is as precarious as a slow-spinning plate on a stick. Mexico and Canada are both taking half-hearted turns recharging the momentum – while simultaneously looking for trade options due to, well,.. the inevitable. [February 19, 2018 | The Last Refuge] The basic issue is a simple one; for the U.S. NAFTA has a fatal…
Daniel Alpert is a member of the CPA Advisory Board. We congratulate him on his new academic appointment. The Clarke Program on the Law and Regulation of Financial Institutions and Markets, part of Cornell’s Jack G. Clarke Business Law Institute, is pleased to announce that Daniel Alpert has joined the Program as Senior Fellow in Finance and…
In a meeting with House and Senate members this week, President Trumpwas reportedly surprised to learn that his newly released infrastructure plan didn’t include any “Buy America” requirements. The president had issued an executive order last April stating: “It shall be the policy of the executive branch to buy American and hire American.” Op-ed originally appeared on The…
Nucor Corp. CEO John Ferriola welcomed a U.S. Department of Commerce recommendation Friday for steep steel import tariffs — possibly as high as 53% for a dozen specified countries, including China. [John Downey |February 16, 2018 | Charlotte Observer] “We are very encouraged by the recommendations (Commerce) Secretary (Wilbur) Ross has provided the President to deal with the…
Washington ~ The Coalition for a Prosperous American (CPA) applauded the Department of Commerce reports, released Friday February 17, recommending import restrictions to combat an unprecedented surge of steel and aluminum imports. The recommendations have previously been submitted to President Trump for action, but were made public today. They include tariffs on steel imports ranging…
HOUSTON — Borusan Mannesmann said it will supply almost half of the steel line pipe for the Gulf Coast Express Pipeline Project in Texas – and that the pipe will be made in Turkey. [Dom Yanchunas | February 15, 2018 | AAM] The goods will be made at the company’s spiral welded line pipe mill in…
U.S. regulators rejected a bid by a Chinese-linked consortium to take over the Chicago Stock Exchange, extinguishing an ambitious dream of starting an international listing venue from a minuscule market. [Annie Massa | February 15, 2018 | Bloomberg] The Securities and Exchange Commission’s decision ends a process that lasted two years and took place in…