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The United States and the European Union (EU) released a joint fact sheet on October 31 announcing terms of a tariff agreement completed between the two global economic powers. The agreement in-cludes terms specifying replacing the United States’ tariff with a rate quota on steel and aluminum im-ported from the EU. As a result, steel and aluminum imports from the EU will be limited to historically based quantities without being subject to a tariff prior to entering the U.S., according to a Commerce Department statement.
The infrastructure of the United States is a critical component of the lifestyle of its people, the smooth and seamless working of its economy, the national security of the nation and the general welfare of our entire society. Without its working infrastructure, the American dream soon turns into a nightmare.
As a sign of the times we live in, it is hard to ride around these days without seeing signs in front of restaurants, service establishments and other types of businesses seeking applicants for immediate employment for all shifts.
Any student of world history can tell you that the concept of democracy is handed down to us by the culture and governance of ancient Greece. The word democracy is derived from two Greek words: “demos,” or people; and “kratos,” or rule.
Depending on your source, definitions of the word tariff vary, but virtually all of them include the word “tax” or “duty.” Most etymologists say the word comes from the Italian tariffa, or “list of prices, book of rates,” derived in turn from the Arabic ta’rif, meaning “making known” or “to define.” For convenience sake we will go with Wikipedia’s simple definition: “A tariff is a tax on imports or exports between sovereign states.”
Ongoing trade discussions between the U.S. and China were high in the news cycle in March. The economic relationship between China and the U.S., which has expanded enormously during the last few decades, has been one filled with tensions, allegations of currency manipulation, outright theft of intellectual property (IP) and other speed bumps in the highway of trade between the two countries.
The Forging Industry Association (FIA) announced a new partnership with Mehlman Castagnetti Rosen & Thomas (MCRT), a bipartisan government-affairs consultancy. MCRT helps its clients develop winning strategies by educating and building relationships with key policymakers in Congress, the White House, government agencies and regulatory bodies. As FIA’s new lobby firm, they will work with the association to facilitate and advance its advocacy efforts in Washington, D.C. They will also help coordinate FIA Lobby Day, an annual event that offers FIA members an opportunity to meet with key members of the U.S. House and Senate.
