As threats of a trade war between the U.S. and Europe escalate, President Donald Trump on Saturday said in a Tweet that his administration could increase taxes on cars imported from Europe to the U.S. Currently, the U.S. levies a 2.5 percent tariff on most cars imported from Europe. That's...Read More»
Maybe you've just graduated from college and you're looking for a Scandinavian adventure. Maybe you're having a mid-life crisis and you want to shake things up a bit. In either case, you might've asked yourself: should I move to Denmark? If so, and if the answer to that question was a resounding...Read More»
Congressional leaders have signaled that they will scrap a border tax on incoming goods, including cars, as part of a larger tax overhaul proposal. "While we have debated the pro-growth benefits of border adjustability, we appreciate that there are many unknowns associated with it and have decided...Read More»
During the run-up to the 2016 U.S. presidential election, then-candidate Donald Trump made a lot of promises to voters--chief among them, vows to repeal the Affordable Care Act and to penalize companies that manufactured goods for the American market outside the U.S. This hasn't been a great week...Read More»
America's infrastructure is in desperate need of repair, but despite promises made by President Trump back in February, there's been little-to-no movement on the issue in Washington, D.C. Until there is, states will have to take action themselves if they want to fill in their expanding potholes and...Read More»
With all the recent headlines about healthcare, Russian hackers, and missing handshakes, the Trump administration has been a bit quieter about its proposed border tax (or possibly, border tariff) than it was a few weeks ago. That's cause for relief among many automakers, especially those who import...Read More»
As a businessman, it shouldn't be too surprising that much of Donald Trump's attention during his first two-and-a-half weeks in office has been focused on U.S. business policies--things like trade deficits, free-trade agreements, and, of course, border taxes. Although the details of such a tax plan...Read More»
Donald Trump's protectionist policies have been lauded in some corners, but they've also sparked outcries and protests from private individuals, government officials, and more than a few companies. As we reported earlier this week, the auto industry is included in that mix. Ford execs have slammed...Read More»
During his first week in office, Donald Trump made headlines over two border-boosting policies. Yesterday, the American International Automobile Dealers Association announced plans to fight one of the president's proposals tooth and nail. On Friday, Trump signed an executive order suspending...Read More»
U.S. roads are in terrible shape. In 2013, the American Society of Civil Engineers rated them a "D". Our bridges weren't too much better, earning a C+. The ASCE's next report card is due in 2017, and given the insufficient sums allocated to roadway maintenance, improvement, and expansion, it's...Read More»
In two separate rulings -- or rather, non-rulings -- the Supreme Court of the United States had dealt smackdowns to Fiat Chrysler Automobiles and Ford Motor Company. According to Detroit News, SCOTUS refused to hear a case from FCA regarding the re-opening of dealerships shuttered in the wake of...Read More»
Our roads are in terrible shape, and we are largely to blame. Things wouldn't be so bad if our elected officials had occasionally increased the federal gas tax, which funds road repair and construction at the national, state, and local levels. Unfortunately, that tax hasn't been raised in 22 years...Read More»
If you want to get a special incentive for driving a hybrid, you're a few years too late; but a tax credit applies to nearly every electric car and plug-in hybrid on the market and it can, in some cases, effectively reduce your cost for such a model to that of an ordinary gasoline vehicle (or even...Read More»
Tesla's acclaimed, all-electric Model S sedan will soon go on sale in China, and this week, the company announced how much it'll cost the country's green car fans: 734,000 yuan, or just over $121,000. In America, the same vehicle would run closer to $81,000. And that 50 percent premium helps...Read More»
In case you hadn't noticed, it's December 30. Many of you still face mounds of used wrapping paper and guest rooms that need a thorough cleaning, but you should also give a little bit of attention to your personal taxes -- especially if you've come out ahead this year. On the whole, 2013 has been a...Read More»
In Virginia, controversy is a-brewin' over Governor Bob McDonnell's plan to eliminate the state's gasoline tax. The funds generated from that tax have traditionally been earmarked for maintenance and construction of Virginia's roads. To replace gas tax revenue, McDonnell plans to do three things...Read More»
China's auto industry is booming: car sales are strong, and the country's suppliers are doing bang-up business on the export front. But the U.S. claims that China has given its auto industry unfair advantages through heavy import tariffs, artificially devalued currency, and $1 billion in shady...Read More»
If you're an early filer, you might've forgotten that tomorrow is tax day. That could be a deadly mistake. According to a study published in the Journal of the American Medical Association, tax day is dangerous for drivers, with 6% more traffic fatalities than on other days. The study was led by...Read More»
Car shoppers in China got an unpleasant surprise this morning: the Chinese government announced plans to impose tariffs of up to 22% on all vehicles made in the U.S., starting today. U.S. auto manufacturers aren't especially happy about the news either -- not only because it makes their vehicles...Read More»
