Soon the Trump administration and congressional leaders will unveil their tax-reform proposal. Reports indicate the proposal will include some reductions in corporate and personal rates and the end of some tax deductions. But true reform is likely to be stymied by the usual interests, by those who see the tax code primarily as a way…
The European Union, Mexico and other foreign governments are blasting the premise behind a U.S. International Trade Commission safeguard investigation into large residential washer imports, arguing it violates U.S. commitments under the North American Free Trade Agreement and the World Trade Organization. [Isabelle Hoagland| September 1, 2017 | Inside US Trade] In briefs filed with…
MEXICO CITY — Commerce Secretary Wilbur Ross would like to see the NAFTA renegotiation result in a rule of origin for autos requiring that more than 70 percent of a vehicle come from the NAFTA region, Canadian union leader Jerry Dias said on Friday. [September 2, 2017 | Inside US Trade] Dias is the president of…
In its heyday, the Chicago Stock Exchange helped introduce big-name American companies such as Marriott and IBM to investors. Now the 135-year-old Midwest institution could do the same for Chinese companies, after it agreed to sell itself to a group of investors led by Chongqing Casin Enterprise Group. [Renae Merle | September 1, 2017 |…
An American chip maker is asking Donald Trump to approve its takeover by a Chinese government-backed fund, requesting the president overrule the recommendation of U.S. national security officials, and injecting him into a battle between the two countries to dominate the semiconductor industry. [Kate O’Keefe | September 1, 2017 | Wall Street Journal] An American…
President Donald Trump has alarmed the Chinese government again with a threat to cut economic ties to nations that do business with North Korea. [Frances Martel | September 5, 2017 | Breitbart] China is North Korea’s largest trading partner and a major player in the U.S. market. Trump will face heavy criticism suggesting that no…
Mexico City, Mexico – US President Donald Trump is not known to be a defender of the underpaid, under-protected Mexican labour force, but his administration is making noises about the low salaries and lax regulations that workers in Mexico have to put up with. [ John Holman | September 1, 2017 | AlJazeera] There is a reason for that. The Trump…
WILKES-BARRE, Pa. — Democrats facing reelection next year in states President Trump won are seizing on trade at this early stage as a crucial issue and a Republican vulnerability. [Robert Costa | September 2, 2017 | The Washington Post] But rather than jeer Trump’s protectionist positions, Democrats are echoing them and amplifying them, arguing that Trump…
President Donald Trump met with an executive from an American advanced materials manufacturer who urged the president to prevent China from cornering the market in rare earth materials by nationalizing the only rare earth mine in the United States. [John Carney | August 30, 2017 | Breitbart] An investor group that allegedly has ties to…
By Jeff Ferry, CPA Research Director As President Trump talks more openly about aggressive action on the trade front to support the US economy, traditional economists and commentators, especially many on Wall Street, are raising the volume on a scare campaign, aimed at suggesting all sorts of imaginary negative consequences. They fail to recognize that…