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Type
Letter From the President to United States Steel Corporation Senior Vice President, General Counsel and Secretary Scot Duncan
President Donald J. Trump issued a letter to Scot Duncan, Senior Vice President of U.S. Steel, emphasizing the importance of the company's operations for national security. The letter outlines the President's authority over U.S. Steel through the ownership of a "Golden Share," which allows oversight of the company's activities under a National Security Agreement. The President designated William Kimmitt, Under Secretary of Commerce for International Trade, to oversee U.S. Steel's compliance with this agreement. Additionally, Trump appointed David Shapiro, Chief Counsel of the Department of Commerce's Investment Accelerator, as the Class G Director of U.S. Steel, a position that grants the government a direct role in the company's governance.
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Jan 30, 2025
FRAmerica First Trade Policy
On January 20, 2025, President Donald Trump issued a memorandum titled "America First Trade Policy," directing several key government officials to strengthen U.S. trade policies. The action mandates investigations into the causes of persistent trade deficits and the feasibility of establishing an External Revenue Service to collect trade-related revenues. It also calls for a review of unfair trade practices by other countries, with recommendations for remedies, and assesses the impact of existing trade agreements, including the USMCA, on American interests. Additionally, the memorandum addresses economic and trade relations with China, including compliance with existing agreements and potential tariff modifications, and reviews the U.S. export control system to protect national security.
Jan 30, 2025
FRThe Organization for Economic Co-Operation and Development (OECD) Global Tax Deal (Global Tax Deal)
On January 20, 2025, President Donald Trump issued a memorandum regarding the OECD Global Tax Deal. The memorandum declares that the commitments made by the previous administration concerning the Global Tax Deal are not binding in the United States unless Congress enacts them. It instructs the Secretary of the Treasury and the U.S. Permanent Representative to the OECD to notify the organization of this position. Additionally, it directs the Treasury Secretary and the U.S. Trade Representative to investigate foreign tax practices that may unfairly target American companies and to propose protective measures within 60 days. The action aims to safeguard U.S. economic interests and maintain national sovereignty over tax policy.