The Treasury Department has not found that any country meets its criteria for currency manipulation in a much-anticipated report that for the first time says any country that accounts for “a large and disproportionate share” of the U.S. trade deficit will be more closely monitored. [Jenny Leonard, Jack Caporal and Isabelle Hoagland] April 20th, 2017…
China’s environmental protection authority says several factories continued to operate illegally after inspectors had closed them down. [Bibek Bhandari] April 21st, 2017 [Sixth Tone] China’s environmental watchdog has the power to close factories, but its authority is apparently easy to ignore after inspectors leave. The Ministry of Environmental Protection (MEP) recently discovered that several factories…
By Jeff Ferry, CPA Research Director, and Michael Stumo, CEO of CPA The Republican business tax reform plan, also known as the House GOP Blueprint or the Ryan-Brady plan, features a type of border-adjustable tax (BAT). Border adjustability means that different tax rates apply within and outside the US. It is a potentially new feature…
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…
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.
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…
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]…
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…