A controversial part of NAFTA that permits Mexican trucks to roll through the United States may be left on the cutting room floor if the Trump administration decides to reopen the trade deal. [Lauren Gardner| February 6, 2017] And that would suit parts of the U.S. trucking industry, their unions and some avowed foes of…
Watch the latest video at video.foxnews.com House Ways and Means Committee chairman talks economic proposals on ‘Sunday Morning Futures’
Billings, Mont. One of the staunchest supporters of mandatory country of origin labeling (COOL) for beef, R-CALF USA, is launching a new campaign called “COOLin100.” The campaign calls on the new Trump Administration and new Congress to reinstate COOL for beef and pork during the Trump Administration’s first 100 days in office. The idea to launch the new…
I’ve been talking to some of the Coalition for a Prosperous America’s lobbyists about the current situation for border-adjustable taxes, i.e. taxes that might help improve America’s trade situation, up on Capitol Hill. What they told me is basically good news. To wit: [Ian Fletcher| February 4, 2017 |Huffington Post] “We’ve pushed for more border adjustability via…
Let’s take a breath and step back from our circus-like introduction to the Trump era. A few weeks ago, we were trying to decode voters’ messages in the US and UK. Donald Trump, Bernie Sanders, Hillary Clinton, and millions of voters said we have lost trust in the way we’ve managed globalization. Brexit and the…
At Davos Chinese President Xi extolled the virtues of globalism. Lo barely one week into President Trump’s administration, Chinese financial-services and payments colossus Ant Financial is buying MoneyGram, America’s second-largest money-transfer network. It underscores however that while the U.S. is wide-open for China’s payments dragons, notwithstanding its 2001 WTO commitment to completely open its domestic…
Following President Trump’s announcement that he wants to speed up the statutory guidelines for a renegotiation of the North American Free Trade Agreement, House Ways & Means Committee Chairman Kevin Brady (R-TX) and ranking member Richard Neal (D-MA) downplayed the idea while expressing confidence that the administration’s trade team will adhere to the rules laid…
Wilbur Ross, President Trump’s pick for Commerce secretary, will lead accelerated talks with Mexico and Canada on renegotiating the North American Free Trade Agreement, Trump said today. [Daily News| February 2, 2017 |Inside US Trade] Meeting with the leaders of the House Ways & Means and Senate Finance committee at the White House and flanked…
Senate Finance Committee Chairman Orrin Hatch (R-UT) told business leaders Feb. 1 that he will not take a position on the House GOP’s border adjustability proposal for tax reform before he knows how the provision would affect U.S. consumers and whether it would be consistent with U.S. trade obligations. [Daily News| February 1, 2017 |Inside…
Navarro wants more components made in America to spur domestic jobs and wages [Shawn Donnan| January 30, 2017 |Financial Times] Donald Trump won the presidency on the back of promises to shake up Washington. But according to his advisers he is also setting out to shake up the structure of international business and the global economy.…