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Tax Incentive — or Government Giveaway?

After a highly publicized search for new headquarters locations, Amazon pulled the plug in February on a $2.5 billion project to open a second headquarters in Queens, New York. Although the new hub would have created an estimated 50,000 jobs. A key reason for Amazon’s cold feet politicians, union leaders and other community members raised an outcry about $2.5 billion of local financial incentives that the city was offering to lure Amazon.

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Trump Administration Blacklists Chinese Telecom Company Huawei

On May 15, President Trump issued an Executive Order barring United States companies from utilizing IT or communications products or services from entities identified by the United States government as posing a threat to national security. The Executive Order allows the Commerce Department to ban any foreign IT or communications company from conducting business in the United States if the entity poses a risk to national security. Although the Executive Order did not specifically identify any Chinese IT or communications company, the Commerce Department announced on the same day that Huawei and seventy of its affiliates had been “blacklisted” — officially added to the Restricted Party List. The move creates significant issues for American companies conducting business with Huawei or the banned affiliates. 

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