Economy
Trump Tabs DiMicco as Trade Advisor
Written by Tim Triplett
December 5, 2017
Dan DiMicco, former CEO of Nucor Corp., has been appointed to a four-year term as a member of President Trump’s Advisory Committee for Trade Policy and Negotiations, the White House announced in a Dec. 4 release.
DiMicco, who retired from Nucor, is a former trade advisor to the Trump campaign and serves as chairman of the Coalition for a Prosperous America, which claims to be “Washington’s leading organization fighting for a new trade policy to deliver balanced trade, restored health for American industries, broadly shared economic growth and more jobs for American workers.”
DiMicco was an early Trump supporter, especially on issues of fair trade. As head of Nucor, his was among the loudest voices calling for restrictions on low-priced steel imports from China and other countries.
Commenting on the contentious NAFTA negotiations in a recent Bloomberg article, the former steel executive said, “If we can’t negotiate a deal to make trade more balanced, the only option is to walk away.”
Tim Triplett
Read more from Tim TriplettLatest in Economy
Supply chains, end-users brace for impact from tariffs
Supply chains are working through what the tariffs mean for them
ISM: Manufacturing expansion loses steam after two months of growth
US manufacturing activity slowed in March after two straight months of expansion, according to supply executives contributing to the Institute for Supply Management (ISM)’s latest report.
Chicago Business Barometer rose to 16-month high in March
The Chicago Business Barometer increased for the third-consecutive month in March. Despite this, it still reflects contracting business conditions, as it has since December 2023.
Durable goods orders rise again in February
Transportation equipment led the increase, rising 1.5% to $98.3 billion.
Consumer confidence falls for fourth consecutive month
People remain concerned about inflation, trade policies, and tariffs.