Senate Finance Committee Chairman Orrin Hatch (R-UT) told business leaders Feb. 1 that he will not take a position on the House GOP’s border adjustability proposal for tax reform before he knows how the provision would affect U.S. consumers and whether it would be consistent with U.S. trade obligations. [Daily News| February 1, 2017 |Inside…
Navarro wants more components made in America to spur domestic jobs and wages [Shawn Donnan| January 30, 2017 |Financial Times] Donald Trump won the presidency on the back of promises to shake up Washington. But according to his advisers he is also setting out to shake up the structure of international business and the global economy.…
The House GOP’s plan to implement a border adjustable tax to even out the United States’ trade deficit will take center stage this week as Republican leaders are expected to meet with President Trump to discuss trade, and experts from different perspectives will discuss the implications of the possible shift in U.S. tax policy at…
President Trump can’t simply bully large corporations to deliver prosperity for the millions who elected him. [Peter Morici| January 31, 2017 |Washington Times] Although the succession of recently announced deals to keep or create jobs in America is impressive — United Technologies, Fiat Chrysler and others have jumped on board — the challenge of boosting…
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%.…
Trade policy analysts testified before the U.S.-China Economic and Security Review Commission on Jan. 26 that U.S. government agencies should have broader discretion to review Chinese direct investment in the United States, as a means of pushing for reciprocal market access and implementing the national interest standard established by the Committee on Foreign Investment in…
Trump specified when he signed a memorandum withdrawing from the TPP earlier this week that the administration was not going to shy away from trade deals altogether but would shift to focus solely on bilateral deals. And with an eye toward fulfilling a promise to reach agreements quickly, the administration has already outlined a set of criteria…