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…
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(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…
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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…
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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%.…
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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…
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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…
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PHILADELPHIA — President Trump, addressing congressional Republicans, applauded the House GOP plan to tax imports while exempting exports as a means to create revenue from Mexico to pay for a border wall. [Daily News| January 26, 2017 |Inside US Trade] “We’re working on a tax reform bill that will reduce our trade deficits, increase American…
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President Trump’s proposed 45 percent tariff on Chinese imports could leverage significant changes in trade with the Middle Kingdom, but to succeed he must address Beijing more realistically than past presidents. [Peter Morici| January 22, 2017 |Washington Times] Since Richard Nixon’s historic trip, U.S. policy has been premised on the notion that offering China wider…
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Ways & Means Committee Chairman Kevin Brady (R-TX) defended the House GOP’s tax blueprint — particularly its border adjustability provision — by saying he is “very confident” the bill would withstand World Trade Organization challenges if it became law, though he expects other countries to criticize the move nonetheless. [Daily News| January 24, 2017 |Inside…
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Ford Motor Company CEO Mark Fields on Tuesday praised President Trump for abandoning the Trans-Pacific Partnership after a breakfast meeting with Trump and other leaders of the U.S. auto industry. [Daily News| January 24, 2017 |Inside US Trade] “I would just call out yesterday the president’s decision to withdraw from the TPP,” Ford told reporters…
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