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…
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…
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…
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…
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…
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…
House Transportation and Infrastructure Committee Chairman Bill Shuster(R-Pa.) said Thursday that an infrastructure bill could be ready “closer to the summer” as he begins the bill-writing process following President Trump‘s infrastructure overhaul rollout. [ MALLORY SHELBOURNE | February 15, 2018 | The Hill] “Peter DeFazio and I are working on a bill together. And based on our conversations at the White House…
By Jeff Ferry, CPA Research Director Safeguard tariffs imposed by President Trump on imported solar cells and panels have been in effect for just over a week, but already we’re seeing moves to boost US solar production in response. No fewer than nine solar manufacturing companies are planning to launch or expand solar manufacturing in…
FBI Director Christopher Wray on Tuesday reiterated a commonly held view among US intelligence officials that China is seeking to become a global superpower through unconventional means — but he framed it as both a governmental and a societal threat to the US. [Michal Kranz | February 13, 2018 | Business Insider] Speaking before the…
