concluding MC10

GATT Rounds: Who, What, When

In 1944, the global economy was in shambles. Forty-four nations gathered in Bretton Woods, New Hampshire, to discuss how to rebuild an economy devastated by protracted depression and two World Wars. From these discussions emerged a 1947 agreement on a lasting framework for post-war commercial relations whereby trade barriers were contained and then gradually reduced over time.

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Americans Can Smile About Their Place in the Global Economy

The global production of goods can be charted by each stage at which activity occurs and value is added. The great news is that Americans excel at the activities on the production curve that require the most creativity and know-how, and that generate the most profit.

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global-taxation_25797003

Trade Agreements Take a Back Seat in the Great International Tax Race

The U.S. Congress is set to consider the first major reform of the U.S. tax code in decades. The proposed Tax Cuts and Jobs Act released on November 2 by House Speaker Paul Ryan (R-WI) and House Ways and Means Committee Republican Members features significant changes to the way U.S. corporations are taxed and carries implications for how they compete around the world.

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The Fall 2017 FX Report: Reading Between the Lines

Twice a year, the U.S. Treasury Department issues a report required by Congress that assesses the foreign exchange policies of our major trading partners. Our experts break down the key take-aways from the latest FX Report.

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Four Reasons Consumers Might Think Safeguards are the Dirty Laundry of Trade Policy

Safeguards are designed to help domestic producers adjust to competition, but there at least four reasons they don't help the American consumer. Two high profile petitions will test how the administration deals with these competing concerns.

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North Korea-China Trade Ties: North Korea’s Life Jacket is Becoming China’s Straight Jacket

The North Korean regime continues to amass missile and nuclear technologies, through a combination of global licit and illicit transactions. North Korea trades for currency, for fuel, and for military materiel to preserve its power. Will expanded sanctions choke off revenue for weapons programs, or will continued trade ties with China throw North Korea a lifeline?

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Sorting Product Origin to Secure the Benefits of Trade Agreements

Trade agreements offer a variety of benefits, most notably tariff cuts – but only to goods that qualify. Rules of origin serve that gatekeeper function, aiming to ensure that the benefits of trade agreements go to the goods of the parties.

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Substantial Transformation: What are You and Where Did You Come From?

Most products today are the result of creative, physical, and intellectual efforts by people in different roles across the globe—they are designed in one country, their materials are procured in another, their components may be made and assembled somewhere else. Their “Made in…” labels only tell us the country where that product last underwent some significant change or “substantial transformation”. That's just a snapshot of one stop on their journey

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Bottlenecks at the Borders Are Like Sitting in Traffic Jams

Americans spent 8 billion hours in 2015 sitting in traffic. Our individual productivity takes a hit, but so does the productivity of our businesses and the overall economy. In the same way, bottlenecks clearing products through customs at international borders can waste time and money and even disrupt business plans and supplier relationships.

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North America is an Energy Powerhouse Dependent on Trade

After autos and auto parts, energy commodities are the largest category of traded goods in North America. The energy industry in North America is both highly integrated and interdependent. As a region, we have achieved energy self-sufficiency and have become a global energy powerhouse because we trade with one another.

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