There have been consistent whispers during the Trump Campaign of a national infrastructure deal just around the corner. While the whispers persist, there has not been any strong progression towards improving the national infrastructure. Multiple attempts have been made, but they have all fallen apart due to disagreement on the cost associated, where the cash will come from, and what sectors to prioritize. Typically, the first few years of a presidency are difficult to get alignment on topics. Infrastructure improvement seems to be an agreement on both sides. With the senate now split 50/50, Vice President elect, Kamala Harris’ vote could be the sway necessary to nudge the US infrastructure deal into action. With the American Society of Civil Engineers grading out the United states as a D+ on the current infrastructure, we certainly could use some renovations.
According to reports, Iran is quickly going to breach the Uranium-stockpile limit set by the current nuclear deal. President Hassan Rouhani of Iran has already warned that a new deal needed to be in action by Sunday June 7, 2019 or the Islamic Republic will increase enrichment of Uranium. Globally, there is much concern with the growth rate of Iran’s uranium cache, because they are just a step away from weapon-grade levels of uranium.
President Trump stated Thursday night that the United States would begin a series of escalating tariffs on all Mexican imports beginning June 10th, unless Mexico and United States lawmakers take immediate steps to stop the flow of illegal immigration into the United States. The tariffs on imports would start at 5% in June and increase to 15% by August 1st, then to 20% by September 1st and then raised to 25% by October 1st.
Shortly after closing the doors in Lordstown, OH, GM is in discussions to sell the facility to an Electric Truck company named Workhorse. GM made the decision in November to close down four U.S. based production plants, one of which was located in Lordstown, OH and home of the Chevrolet Cruze Sedan. According to Tom Colton, head of investor relations for Workhorse, the talks are still in the preliminary stages. There is no time table for speculation of the potential returning jobs to the area. The United Autoworkers Union (UAW) has a different agenda in mind. The UAW is trying to push for a reemergence of a petrol powered vehicle plant in the old GM facility, speculated to harbor more employees than Workhorse.