January 23, 2019

TRUMPONOMICS:

CEOs sour on Trump polices, warn they hurt business, investment (Jessica DiNapoli, Soyoung Kim, 1/22/19, Reuters) 

"The trade war has been very damaging for the U.S. agricultural economy," said David MacLennan, chief executive of U.S. food and agricultural giant Cargill Inc, which announced worse-than-expected results out of China earlier in January.

"The longer this goes on, the worse it is," he told Reuters.

Foreign investment in the United States, which includes cross-border mergers and acquisitions and intra-company loans, fell about 18 percent in 2018 from the prior year, according to the United Nations Conference on Trade and Development (UNCTAD).

That is close to the 19 percent year-on-year drop in foreign investment globally. But it is notable given the deregulation and tax cuts that might have otherwise fed into inward investment.

Posted by at January 23, 2019 11:07 AM

  

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