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Not Yet Running on Empty
Businesses are riding high with record corporate profits as a share of the economy and soaring stock prices. Many businesses are currently facing lower average tariff rates than they did last year and look forward to $166 billion in tariff refunds to support their bottom lines, bolstering their ability to reinvest. We saw the result in the Q1 GDP report. Equipment and intellectual property investment soared 17.2% and 13.0% annualized in the first three months of the year. Gross private investment added a whopping 1.5 ppts of the 2.0% a.r. GDP growth—that share has been rising for three consecutive quarters even as ... (full story)
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I am pleased to announce that, based on the fact the European Union is not complying with our fully agreed to Trade Deal, next week I will be increasing Tariffs charged to the European Union for Cars and Trucks coming into the United States. The Tariff will be increased to 25%. It is fully understood and agreed that, if they produce Cars and Trucks in U.S.A. Plants, there will be NO TARIFF. Many Automobile and Truck Plants are currently under construction, with over 100 Billion Dollars being invested, A RECORD in the History of Car and Truck Manufacturing. These Plants, staffed with American Workers, will be opening soon — There has never been anything like what is happening in America today! Thank you for your attention to this matter. President DONALD J. TRUMP
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