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Posts Tagged ‘Trump news’

Trump Coming to Detroit Bearing Regulatory Gifts

President likely to announce plans to rollback fuel-economy standards.

by on Mar.14, 2017

President Donald Trump, center, met with the CEOs of Ford, General Motors and Fiat Chrysler to discuss a variety of issues, including fuel economy rules.

President Donald Trump is expected to visit the Detroit area Wednesday and is expected to come bearing gifts for the Motor City’s automakers in the form of lower fuel-economy standards.

The move comes as automakers have been lobbying the new administration to roll back the tougher corporate average fuel economy standards set down by Obama administration just prior to Trump’s inauguration in January.

Regulatory News!

The plan has not been confirmed officially by the Trump White House. However, the President and his selection to head the Environmental Protection, Scott Pruitt, have zeroed in fuel-economy regulations, saying they need to be revised. (more…)

Mexico Trade Chief Says NAFTA Redo Must Benefit All

Ildefonso Guajardo spoke to the Detroit Economic Club.

by on Mar.06, 2017

Mexico's top trade official Ildefonso Guajardo told the Detroit Economic Club that any renegotiation of NAFTA must benefit all the parties.

The North American Free Trade Agreement should be revised, but only if all three signatories to the treaty benefit, Mexico’s top trade negotiator said in a speech in Detroit.

Mexico’s Secretary of Economy, Ildefonso Guajardo, told the Detroit Economic Club that NAFTA is 23 years old and said revisions could benefit Canada and Mexico as well as the U.S. However, he rejected the notion that the revisions should only help the U.S. as President Donald Trump has repeatedly suggested in comments on NAFTA.

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“It is not very wise to sit down with the skewed view there has been only one winner. We were all winners,” he said.  (more…)

GOP Flustered by Trump Administration on Trade Issues

President's ambiguity on agricultural issues causing problems.

by on Feb.21, 2017

President Donald Trump's "border tax" plan is getting a lukewarm reception from the Republican Party.

Republican concerns about Trump administration policies on trade and trade agreements continue to expand, according to The Hill, a political website that monitors Congress.

Trump’s “border tax,” which is part of what the President has described as an effort to bring manufacturing jobs back to the U.S., has been meet coolly in the GOP controlled Senate even though it has been blessed by House Speaker Paul Ryan who sees it as a way to offset the revenue loss that follow a sweeping tax reform package Trump is also promising to deliver.

Trade News!

However, with the price of wheat, corn and soybeans falling, trade is also quickly emerging as a major issue for Republican lawmakers, who are increasingly worried about Trump’s promises to tear up the North American Free Trade Agreement and his decision to scuttle the Trans Pacific Partnership. (more…)

Hoping to Organize Southern Car Plants, UAW Adopts Pro-Trump Stance

Union backed Clinton in 2016, but now supports president’s “Buy American” campaign.

by on Feb.17, 2017

UAW President Dennis Williams said the union supports President Donald Trump's message of "Buy American."

Politics can make for strange bedfellows. So can union organizing drives.

Traditionally a stalwart force for the Democratic Party, and a major backer of the Hillary Clinton presidential campaign last year, the United Auto Workers Union has done something of an about face. At a Thursday news conference in Detroit, UAW boss Dennis Williams offered praise for President Trump – the president’s criticism of Mexican auto production, in particular – and said the union is ready to launch a new “Buy American” ad campaign.

Union News!

The union’s position is not entirely surprising. In fact, it reflects the reason why many members reportedly voted for Trump last November. But the shift at UAW headquarters also comes as the union amps up its efforts to organize workers at a number of non-union auto plants, most of them in the South, where organized labor has seldom been welcome – and where candidate Trump far outpolled his Democratic rival for president. (more…)

Republicans Working to Kill Trump’s Proposed Import Tax

Many believe it will raise prices and eliminate jobs.

by on Feb.15, 2017

President Trump's proposed tax on goods coming into the U.S., particularly cars and trucks, may get squashed by Congressional Republicans.

Republican Senators are growing increasingly cool to the idea of imposing a “border tax” on goods, including cars and trucks, exported to the U.S. from other countries in the Americas, Europe and Asia.

According to The Hill, a Capitol Hill newsletter and website, House Speaker Paul Ryan has met with Republican senators to neutralize the growing opposition to a core element of a tax plan cobbled together by Republicans in the U.S. House of Representatives who hope to advance President Donald Trump’s agenda.

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A 20% across-the-board tax on imports, also known as border adjustment, has become part of Trump’s plans to push companies to do more manufacturing in the U.S. Trump has threatened various auto makers, including General Motors, Ford Motor Co. and Toyota, with the border tax because they now build vehicles in Mexico. (more…)

Talks to Renegotiate NAFTA Likely to Start in May

Officials expect long, arduous process that may take years.

by on Feb.02, 2017

President-elect Donald Trump's opposition to NAFTA could have unexpected consequences.

Key officials in the government of Mexico say they expect to kick off formal talks on changes to the North American Free Trade Agreement, or NAFTA, beginning in May, following a 90-day consultation with the private sector companies from both sides of the U.S. Mexican border.

The NAFTA talks, however, could have already been scrambled by the release of transcript in which President Donald Trump apparently warned Mexican President Enrique Pena Nieto that he was prepared to use U.S. military forces to find “bad hombres” in Mexico.

Trade News!

President Trump threatened in a phone call with his Mexican counterpart to send U.S. troops to stop “bad hombres down there” unless the Mexican military does more to control them, according to an excerpt of a transcript of the conversation obtained by the Associated Press. (more…)

Even Ride-Sharing Battle Takes Unexpected Political Turn

Lyft donates $1 mil to ACLU; Uber takes heat on several fronts.

by on Jan.30, 2017

Uber CEO Travis Kalanick may be in hot water with Trump supporters and opponents after this weekend.

In a surprisingly contentious week in the United States, capped by nationwide protests over the U.S. immigration and travel ban, even business has taken on an unexpectedly political tone. That includes the fast-emerging ride-sharing business.

Uber and its and CEO Travis Kalanick took criticism from some Trump opponents after the ride-sharing company’s founder agreed to serve on the new president’s economic advisory council. But the heat was turned up after some accused the San Francisco company of trying to take advantage of a boycott of New York’s JFK Airport by competing taxi drivers. Chief rival Lyft, meanwhile, is stirring things up among Pres. Trump’s supporters for its weekend donation of $1 million to the American Civil Liberties Union.

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The line between the two companies is not as distinct as it might seem, however. But, if anything, Uber could find itself in hot water with both the president’s critics, as well as his supporters. (more…)

Musk and Trump: Strange Bedfellows, Indeed

EV innovator hails choice of oil exec for new Sec. of State.

by on Jan.25, 2017

Elon Musk, left, listens intently as President Donald Trump, right, talks during a meeting with leading U.S. tech executives.

At first glance, they might seem to be polar opposites: one has proclaimed his desire to save the world from the effects of global warming and environmental degradation. The other has declared climate change a “hoax” perpetrated by the Chinese, and is kick-starting two controversial oil pipelines while naming a former oil executive to be his new Secretary of State.

True, they both claim to be wealthy entrepreneurs, but the unexpectedly cozy relationship that is developing between Tesla Motors founder and CEO Elon Musk and new President Donald Trump is nonetheless taking many observers, especially those in the environmental community, by surprise.

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It wasn’t necessarily the decision to join the new president’s business advisory board – along with traditional auto industry leader Mary Barra, the CEO of General Motors – nor the White House meeting on Monday. But what really shocked Musk’s legion of fans was his Tuesday announcement endorsing the choice of Rex Tillerson as Trump’s Secretary of State. (more…)

Big Three Executives Hear Trump’s Plea for More Jobs

President offers regulation, permitting reduction in exchange for plants.

by on Jan.24, 2017

President Donald Trump, center, met with the CEOs of Ford, General Motors and Fiat Chrysler to discuss jobs.

Both sides appear to be still looking for a deal in the wake of President Donald Trump’s meeting with the CEOs of Detroit’s automakers.

Trump staked out his position in advance of the meeting, tweeting “I want new plants to be built here for cars sold here!” The automakers want less regulation and lower taxes, but don’t want their trade with Mexico or other countries disrupted.

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Trump apparently opened the meeting with GM CEO Mary Barra, Ford CEO Mark Fields and Fiat Chrysler CEO Sergio Marchionne by re-emphasizing the point made in his tweet. (more…)

As Promised, Trump Scuttles Trans-Pacific Partnership Deal

Move likely to make Ford executives happy.

by on Jan.23, 2017

President Trump signed an executive order today ending the country's potential participation the Trans-Pacific trade deal.

President Donald Trump signed an executive order announcing his plan to withdraw the U.S. from the Trans-Pacific Partnership trade negotiations, which effectively kills one of the few Obama administration proposals backed by Republican Congress.

Trump also re-iterated his plans to re-negotiate the North American Free Trade Agreement. Both moves indicate Trump views his stance on ending support for free trade as one of the most popular elements of Presidential program.

Political News!

It also shores up his support among perhaps the most restless part of his blue-collar base, workers in manufacturing industries in the Rust Belt states.  (more…)