David Farr, CEO of Emerson Electric and chairman of the National Association of Manufacturers, says the Trump boom and tax cuts are working out for American manufacturers.
The trade battle between the U.S. and Chinese governments is in full swing, with tariffs on $34 billion in imported Chinese goods going into effect today, and China matching that number on a list goods imported from the U.S.
Many CEOs at U.S.-based manufacturers are applauding President Trump's attempt to disrupt and overturn a global trade milieu of long standing that they believe has greatly disadvantaged American companies and exports overall.
This year continues to be a strong one for U.S. manufacturers, and analysts expect the trend will continue, largely driven by strength in the global economy.
Despite the high level of optimism, CEOs are worried about potential concerns that could harm this boom period. Here are the top ten.
President Trump threw down the gauntlet at Davos that everyone thought he would, imploring globalist CEOs to invest in a United States that is “open for business”.
In response to the U.S. corporate tax overhaul, China has temporarily waived income taxes for foreign manufacturers on profits those companies reinvest in their country.
General Electric chairman and CEO John Flannery’s efforts to streamline his organization and reduce overall structural costs by $3.5 billion in 2017 and 2018 continued with the announcement today that GE Power will cut 12,000 jobs.
Multinationals with a “global mindset” typically perform better than those that don't have the same focus, according to RW3 CultureWizard’s Global Mindset Index Study.
The global economy this year has grown better than expected – and that momentum will continue to generate a 3 percent growth rate through 2018, according to The Conference Board.