Must read today: @ppi Senior Fellow @TokyoWoods on 'friendshoring', its FDI-in-U.S.-industry mirror, & pooling allies' economic strengths in PPI's newest paper. A deep dive, & especially timely in light of the U.S. Steel-Nippon Steel merger debate: https://t.co/cq9UxenJBU
Great piece on the dynamics steering more Japanese investment to the U.S. -- and the broader significance of the U.S. Steel acquisition: "It is difficult to see the wisdom of any response to Nippon Steel’s bid short of embracing the vote of confidence in our marketplace."
W/ last week's tariff & income tax discussion, here's @WorldBank data context for reliance on tariffs as revenue, & average rates. Countries w/ high tariff share of revenue & rates are mainly those - low-income, small, &/or troubled - w/ challenges running modern tax systems.
As the G7 Summit gets underway today, see our President and CEO Suzanne Clark’s insights on how the summit began, how it is run today, and why it endures: 🧵 https://t.co/24BDMDFBqO
This week's Trade Fact: @ppi's newest senior fellow, ace journalist @TokyoWoods, on Japan as the U.S.' top FDI source, Nippon Steel/USS, and the Japanese demography underlying an FDI surge: https://t.co/5JorVXZz0Q
Today at our Board of Directors meeting, @paulwsj from the @wsj shared the story of his colleague, Evan Gershkovich, who has been wrongfully detained in Russia for 14 months just for doing his job.
As Paul noted, Evan is an American employee of an American company overseas who was arbitrarily detained—and it's a safety concern for the entire U.S. business community.
The Chamber joins The Wall Street Journal in pushing for Evan's immediate release. Learn more about Evan's story. #WeStandWithEvan https://t.co/monlZZr8xD
Welcoming foreign investment from friendly nations such as Japan will yield benefits for the American economy and workers, argues @TokyoWoods in this policy paper https://t.co/pemEMk7nCM
In his latest Trade Fact post, @EBGresser looks at the link between Japan's population decline and the Nippon Steel/U.S. Steel deal. Thanks for highlighting my new paper for @ppi ! https://t.co/buK5iBePQT
Shrinking population and demand at home are pushing Japanese companies to seek growth abroad, making Japan the No.1 investor in U.S. businesses. My paper for @ppi looks at the macro trend behind the controversial Nippon-U.S. Steel deal.
https://t.co/kM89qU3ixi