economy

December 30, 2019

The White House's trade adviser on Monday said the U.S.-China Phase 1 trade deal would likely be signed in the next week, but said confirmation would come from President Donald Trump or the U.S. Trade Representative. White House trade adviser Peter Navarro, in an interview on Fox News, cited a report that Chinese Vice Premier Liu He would visit this week to sign the deal, but did not confirm it.

December 26, 2019

While finance and insurance in New York ($222.5 billion) accounted for the single largest contribution to both total county GDP and total U.S. GDP in 2018 -- followed by real estate and rental and leasing in Los Angeles ($150.2 billion) -- the manufacturing sector was the highest contributor to county GDP in the greatest number of counties.

December 26, 2019

It took just seven months for Amazon.com Inc.'s first two HQ2 towers to navigate the Arlington County process -- from initial submission to approval by the county board just days ago on Dec. 14. With the exception of a couple of demonstrations and some post-approval disappointment, the massive project has navigated Arlington's red tape smoothly and quickly.

December 26, 2019

Partisanship on Capitol Hill is at an all-time high, but if there’s one thing in the Trump administration’s 2017 Tax Cuts and Jobs Act that both sides of the aisle can get behind, it’s the creation of Opportunity Zones. This part of the TCJA didn’t capture much media attention -- most people were focusing on the new tax brackets -- but OZs nonetheless create ample room for wealth creation.

December 23, 2019

President Donald J. Trump signed H.R. 1865, a bipartisan year-end spending package, into law on December 20, 2019. H.R. 1865, which was passed by the U.S. House of Representatives and the U.S. Senate last week, includes a full repeal of the medical device tax--a 2.3% tax on a range of medical devices and products that previous research has shown to have minimal benefits for doctors, patients and manufacturers.

December 23, 2019

The ascension began in the late 1970s with a move to more open markets. It continued through aggressive central planning, utilizing the advantages of cheap labor, a devalued currency and a robust factory system to spread its products around the world. All of that changed the economy from slumbering rural decay to a prospering diverse superpower. The country now seems on a inexorable path to No. 1.

December 20, 2019

Investors looking to reap big tax breaks for putting money into low-income areas are getting clarity on what they can and can’t do as the U.S. Treasury Department finalizes rules governing so-called opportunity zones. The regulations released by the department on Thursday lay out what property and businesses will qualify for the tax breaks as well as the potential penalties for running afoul of the rules.

December 17, 2019

The Phase One Agreement is expected to be signed off by both parties during the first week of January. The Phase Two Agreement, however, is to be digitally focused. Senior US administration officials have stated that various issues ranging from digital trade to cross border data sharing and cyber intrusions will be addressed by the “phase two” negotiations between the two countries.

December 17, 2019

U.S. Trade Representative Robert Lighthizer said on Sunday that the phase one U.S.-China trade deal reached on Friday is “totally done,” and it will nearly double U.S. exports to China over the next two years. U.S. and Chinese officials announced on Friday that the U.S. and China had finally agreed to the phase one agreement after a contentious 18-month trade war.

December 15, 2019

President Donald Trump announced a “phase one” trade deal with China on Friday, saying Beijing had agreed to targeted purchases of U.S. goods and will avoid tariffs that had been set to go into place on Sunday. Trump said in a pair of tweets that the Chinese had agreed to “many structural changes and massive purchases” of American farm, energy and manufactured goods.

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