GSP saved American companies $894 million in 2017, an increase of nearly $30 million from past estimates. The new estimates are based on revisions and updates from the U.S. Census Bureau published in June and August, and details on some of the increases are below. Even before upward revisions, U.S. companies’ tax benefits from GSP...
Continue readingYesterday, Indian Prime Minister Narendi Modi met with President Donald Trump at the White House. Following those meetings, the two leaders committed to “intensify their economic cooperation to make their nations stronger and their citizens more prosperous,” including a specific commitment to “removing obstacles to growth and jobs...
Continue readingIn March, President Trump signed an Executive Order (EO) calling for a report on the causes of “Significant Trade Deficits.” Economists generally agree that macroeconomic factors related to national savings and investment rates drive trade balances, and we subscribe to that view as well. The EO and forthcoming report ensures that much i...
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