Trump’s China Tariffs Explained

By ShareAmerica Under President Trump’s leadership, the United States is committed to rebalancing the U.S.-China trade relationship to achieve more fair and reciprocal trade. On March 22, President Trump directed his administration to take actions to address China’s forced technology transfers,
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Trump Signs Off on US Metals Tariffs, Exempts Canada and Mexico

U.S. President Donald Trump on Thursday signed companion proclamations slapping 25 percent tariffs on steel coming into the country and 10 percent tariffs on imported aluminum. The across-the-board taxes are to go into effect in 15 days. Amid fears that his action would ignite a trade war, Trump declared the dumping of (more...)

Austrian Auto Parts Firm Finds Home In Georgia

By Christopher Connell ShareAmerica When the Austrian specialty steel company Voestalpine AG looked for the right place in the United States to assemble parts for premium automobile manufacturers, the South seemed perfect. “We followed our customers,” says Peter Schwab, a Voestalpine management board member and head of its metal forming division. The company’s (more...)

US Tax Overhaul Clears House, Senate Prepares to Vote

A U.S. tax overhaul passed in the House of Representatives on Tuesday, setting the stage for a final Senate vote expected to give President Donald Trump his first major legislative victory and trigger far-reaching consequences for the U.S. and global economy. The Tax Cuts and Jobs Act was approved 227 (more...)

U.S. Manufacturing Grows at Record Level

By ShareAmerica American manufacturing is growing at its fastest pace in more than a decade. And Rochelle White is one of the reasons that trend is expected to continue. White, 28, of Chicago, represents the next generation of American workers getting groomed for advanced manufacturing jobs. She is in the final phase (more...)

Dry Weekend Draws US Shoppers Even as Online Sales Boom

VOA The driest Thanksgiving weekend in five years may have helped holiday shopping, despite an overall decline in foot traffic. But some shoppers just took notes in the hopes of finding an even better deal online. That's a consequence of Amazon continuing to squeeze prices, exacerbating the “showrooming” practice of people getting (more...)

Top US Hedge Fund Managers Made Nearly $13B in 2015

VOA Ken Bredemeier A new U.S. survey shows even with stock market volatility on Wall Street last year, top hedge fund managers were paid huge sums to handle the investments of the country's wealthiest people. Institutional Investor's Alpha magazine said its annual look at the earnings of the leading hedge (more...)

Greece Asks for New Bailout, Pledging Reforms

VOA News Debt-wracked Greece asked its European neighbors for a new three-year bailout Wednesday, pledging to "immediately implement" tax and pension reforms. Greek Prime Minister Alexis Tsipras told the European Parliament in Strasbourg that Athens would produce "new concrete proposals" by Thursday to meet the demands of European leaders who've grown weary (more...)

Philadelphia’s Unemployment Rate Drops To 6.6%

According to preliminary data released today by the U.S. Bureau of Labor Statistics, the unemployment rate in Philadelphia declined to 6.6% for October 2014, a 3.3 percentage point drop from October 2013 and the lowest unemployment rate since April 2008.  In addition, the number of jobs in Philadelphia increased by (more...)

Dietz and Watson Project to Receive $5 million Grant

The redevelopment project that will keep Dietz and Watson in Northeast Philadelphia will receive a $5 million state grant, state Sen. Mike Stack announced today. “Dietz and Watson is investing in the future of Northeast Philadelphia and I’m pleased that Pennsylvania can reward that good faith with an investment (more...)

Beyond Buy Local, Invest Local

By Brian Depew, briand@cfra.org, Center for Rural Affairs Buy local. It’s a well known strategy for small towns. Keeping your grocery money close to home keeps the grocery store close to home. Economists tell us that every dollar spent at a locally owned business generates two to four times the (more...)

Biden Announces New U.S. Aid for Ukraine

Vice President Biden on June 7 announced an additional $48 million in assistance to help the Ukrainian government conduct key reforms, build law enforcement capacity and strengthen national unity. Pending consultation with the U.S. Congress, this assistance will follow the $1 billion loan guarantee signed on April 14, a $50 million (more...)

Ukraine Issues $1 Billion Bond with U.S. Guarantee

The National Bank of Ukraine on May 16, acting on behalf of the government of Ukraine, closed on its offering of a $1 billion sovereign bond, guaranteed by the United States, acting through the U.S. Agency for International Development (USAID). “This guarantee demonstrates the strong U.S. (more...)

Pennsylvania Ranks First in NE Region for New Corporate Facilities

Governor Tom Corbett announced today that Site Selection magazine, a publication specializing in the corporate real estate and economic development field, has ranked Pennsylvania as the top state in the northeast region for new corporate facilities in 2013. Pennsylvania has more successful projects than all other eight northeast states combined. For (more...)

Treasury Secretary Lew on U.S. Economic Assistance to Ukraine

Statement of Secretary Lew on Economic Assistance to Ukraine We have been working closely with international partners to develop an assistance package that will help the Ukrainian government implement the reforms needed to restore financial stability and return to economic growth. The new government of Ukraine has said (more...)

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