Tax advisors say President Trump's foreign-derived intangible income deduction on homegrown exports have not been enough to lure companies back to America, and the WTO could challenge the tax break's legality.
Trade Representative Robert Lighthizer: “If USMCA doesn’t pass, it would be a catastrophe across the country.”
“Should there be tariffs on car and car parts, which we don’t want, we have started internally to prepare a list of re-balancing measures.”
Toyoda says negative effects on U.S. economy should be avoided.
Comments from Economy Minister Toshimitsu Motegi follow EU reiteration of truce-for-now view.
President has 90 days to decide on any action such as tariffs.
Expect to see Democrats wage total war on Trump while agencies press workplace regulatory reform.
The United States is embracing AI growth with wary eye on Chinese competition.
Tactics include new classifications and altering supply chain.