Trump Administration Eases Tariffs for U.S. Automakers

Trump Administration Eases Tariffs for U.S. Automakers

Axios   The Trump administration said on Tuesday that it will ease tariff pressure on automakers with reimbursements for taxes on foreign auto parts. Why it matters: Senior administration officials say the relief came after conversations with domestic auto...
Trump Administration Eases Tariffs for U.S. Automakers

Merck to Invest $1 Billion in U.S. Drug Manufacturing Plant

Axios   Merck is investing $1 billion to build a U.S. plant in Delaware, in a show of its commitment to domestic manufacturing.  The move comes amid plans by President Trump to impose tariffs on pharmaceuticals, which would include taxes on imported ingredients...
Commentary: America Funded China’s Rise

Commentary: America Funded China’s Rise

by Spencer P. Morrison   The free trade brigade obsesses over economic minutiae—they cry that tariffs will raise the cost of plastic spatulas by 50 cents! What a disaster! Who cares? The reality is that trade with China is not in America’s interests because it...