Business Forward’s Latest American Steel Index Report: Price Difference Nearly Double Since February

Price difference between U.S. and foreign competitors is nearly double since February Business Forward, Inc. published its latest American Steel Index report today. The monthly report compares the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. U.S. steel prices have risen 11 percent since February, while competitors’ prices have fallen 4.8 percent. Key charts are below. Click HERE to read the report. The index helps demonstrates three important...

Business Forward’s Latest American Steel Index Report: Escalating Trade War Threatens 460,000 jobs

Business Forward’s Latest American Steel Index Report: Escalating Trade War Threatens 460,000 jobs This week, we published our latest American Steel Index report. The monthly report compares the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. U.S. steel prices have risen 14.8 percent since February, while competitors’ prices have fallen 3.2 percent. Key charts are below. Click HERE to read the report. The index helps demonstrates three...

Business Forward’s Latest Steel Index: U.S. manufacturers paying 25% more than foreign competitors

Business Forward, Inc. published its latest American Steel Index report today. The monthly report compares the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. Key charts are below. Click here to read the report. Yesterday, Business Forward held a conference call with Kristin Dziczek, Vice President of the Center for Automotive Research. She discussed the effect of increased steel prices on the auto industry and broader economy. Download a podcast...

Business Forward’s Latest Steel Index: American manufacturers paying 25% more than foreign competitors

Harm to American Manufacturers Increases; $270 Billion in Auto and Aerospace Exports at Risk Today we published the July edition of our American Steel Index report. The monthly report compares the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. Key charts are below. The index helps demonstrates three important points about today’s steel tariffs: Buyers in the U.S. are paying higher prices, while prices in competing markets are falling. The...

Business Forward’s Latest American Steel Index Report: Tariffs’ Harm to American Manufacturers Growing

The difference between American and foreign prices grew 4 percent from May 11 to June 11, and by 114 percent since tariff threats began in February, according to the latest installment of Business Forward’s Steel Index. The monthly report compares the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. Key charts are below. Click here to read the report. Steel prices here in the U.S. began rising when Trump started talking about tariffs eleven...

Business Forward’s Monthly Steel Index Will Track Trump Tariff Effect

Business Forward announced today our American Steel Index. The monthly report will compare the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. Right now, American manufacturers are paying 21 percent more for steel than foreign competitors. It’s time to stop arguing that tariffs “will” hurt American manufacturers. They already are. Prices began rising when Trump started talking about tariffs eleven months ago.[1] To hedge tariff risk,...

From The Hill: International trade: Big business for small businesses

The following is an excerpt from Dr. Toby Malichi, originally published in The Hill. Read the full piece here. Dr. Malichi is the founding CEO and global business diplomat of Malichi Group Worldwide, based in Indianapolis. Dr. Malichi advises small and medium-sized enterprises (or SME’s) as they expand internationally. Working with his clients, he sees firsthand what it takes to run a successful business and he can provide concrete examples of how the government can improve its policies and...

Business Leaders Urge DHS to Allow Foreign-Born Entrepreneurs to Build Companies in U.S.

Hundreds of business leaders from across the country today urged the Trump Administration to keep the International Entrepreneur Rule (IER) in place. They submitted a joint letter and individual statements in official comments in response to the Trump Administration’s announcement last month that it would postpone implementation of the IER until March 2018. The rule was set to go into effect July 17, and the Administration has indicated it will likely repeal the rule completely. The...

Business Leaders Share Advice on NAFTA

When the Trump Administration announced plans to renegotiate the North America Trade Agreement (NAFTA), that began an official public comment period on the 25-year old agreement. We asked our nationwide network to share their opinions and advice with the Administration, and more than 200 business leaders gave us comments to submit to the Administration.  A majority (56 percent) of business leaders we surveyed said NAFTA has been good for their companies, but most also agree that the...

What will TPP do for small businesses? New report shows its impact.

Photo Credit:Josh Denmark More than 30 small businesses from across the country submitted testimony to the U.S. International Trade Commission for its report on the Trans-Pacific Partnership. This report, just released today, found that the trade agreement would reduce barriers for small businesses exporting. Many business leaders testified that TPP would improve their access to international markets by reducing tariffs. Others explained that TPP would protect their intellectual properties in...