Warnings of US protectionism by Christine Lagarde, head of the International Monetary Fund, and others are “rubbish”, Donald Trump’s top trade official has said in a new attack on the big trade surpluses of China, Europe and Japan. [Shawn Donnan and Demetri Sevastopulo] April 16th, 2017 [Financial Times] Speaking ahead of the arrival in Washington of global…Details
Dan DiMicco, Nucor chairman emeritus and former CEO, and CPA Chairman, discusses the global steel trade as President Trump meets with steel executives at the White House.Details
Dan DiMicco, former Nucor CEO, weighs in on President Trump’s meeting with China President Xi Jinping, and what it means for U.S.-China relations.
Not everything we would have written, and we need to see much more on work visa abuse, but we are happy to have the President of the United States pushing Buy America forward in a way that none of his predecessors have. It’s a good day for American manufacturing. Statement by AFL-CIO President Richard Trumka…Details
Dan DiMicco, former CEO & current chairman emeritus at Nucor, former Trump advisor and CPA Chairman, weighs in on the economic impact of President Trump’s “Buy America, Hire America” executive order.
Last month, President Trump submitted a “Skinny Budget” with the goal of removing some of the “fat” within Washington DC. Unfortunately, one of the programs eliminated in his budget is not “fat.” The Manufacturing Extension Partnership (MEP) is the only federally funded national network dedicated to serving small and medium-sized U. S. manufacturers. [Michele Nash-Hoff]…Details
The House Republican corporate tax reform proposal is bold and innovative. Its most outstanding positive feature is a shift to a destination-based corporate tax. A destination-based system moves the profit, and therefore the tax, to the place of consumption. That small change, alone, could eliminate decades of tax avoidance strategies by multinational companies. It would…Details
Following President Trump’s charge earlier this week that U.S. dairy farmers have suffered from “some very unfair things” in Canada, the country’s envoy to Washington, David MacNaughton, said U.S. claims are not based on fact — and that Canada is living up to its international trade obligations. [Jenny Leonard] April 17th, 2017 [Inside U.S. Trade]…Details
Some lawmakers, industry and labor groups are praising President Trump’s directive calling for a “systemic review” of Buy American laws as a good “first step,” but add that details and enforceable action are still missing while they await the release of the executive order signed by the president during an April 18 event in Kenosha,…Details
By Jeff Ferry, CPA Research Director We often hear of state and federal officials chasing after foreign investment dollars, trying to bring money into the U.S. Recently a dozen CEO’s of foreign companies met with the Trump Administration to make the case that foreign investment is an unabashed good for America. Only a few days…Details