Business Forward’s Latest American Steel Index Report: Harm to American Manufacturers Increases; $270 Billion in Auto and Aerospace Exports at Risk

American manufacturers are paying 25% more than their foreign competitors for hot- and cold-rolled steel Washington, D.C. – 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. The index helps demonstrates three important points about today’s steel tariffs. First, buyers in the U.S. are...

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

Difference between American and foreign prices grew 4% from May 11 to June 11, and by 114% since tariff threats began in February Washington, D.C. – Business Forward, Inc. published its second 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. The national business organization created the index to track how new steel tariffs are...

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,...

Business Forward Announces American Steel Index

Monthly index will compare American and foreign prices Washington, D.C. – Business Forward, Inc. announced today its American Steel Index. The monthly report will compare the prices American manufacturers and their foreign competitors pay for hot- and cold-rolled steel. The national business organization created the index to track the impact of new tariffs the Trump Administration has threatened or imposed on steel, aluminum, autos, and other goods. The charts below show how American steel...

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...

How Trade Benefits Small Businesses

Topline Small businesses contributed approximately two-thirds of new private sector job growth over the last 25 years. Many of America’s small firms have found that to continue growing, they will need to look outside the U.S.’s borders, where 95 percent of the world’s consumers and more than 75 percent of the world’s purchasing power reside. Download the 2-pager >   Trade and Small Business Performance Small businesses may particularly benefit from trade agreements because they...