i3 - May/June 2017 - 2

From the CEO

The New Sheriff

President Trump
is often referred
to as the new
sheriff in town.

THE GOOD: The world has not ended.There are no riots.
The economy is still intact. The stock market is up.
President Trump is pro-business. He is moving
fast to try to keep his promises. He is dumping bad
rules quickly. I recently testified on his regulatory
approach before more than a dozen senators on the
Commerce Committee and noted the high cost regulations impose on business. From the Labor
Department overtime and organizing rules to the
Federal Communications Commission power grab
on privacy, the new Administration is reversing bad
decisions and restoring regulatory sanity.
More, Trump has backed off on his promise to
dump NAFTA and his trade negotiator has suggested simply adding a new chapter to the deal.
Trump is meeting and establishing relationships
with foreign leaders.
THE BAD: The anti-immigrant rhetoric has increased
and H-1B visas are frozen.
President Trump dropped us out of the Trans Pacific
Partnership, sending a signal which has allies looking
at a closer relationship with China. The border

2

MAY/JUNE 2017

adjusted tax (a House leadership proposal that does
not allow import costs to be an offset against taxable
profits) has not yet been killed although it has few
visible supporters and the White House has given it
mixed signals. A border tax (a 10-20 percent tax on
all imports) may still be the revenue mechanism to
offset lower corporate tax rates.
CTA is fighting the bad proposals as innovation
depends on the free flow of people and goods globally.
We need the best and brightest. We need products
and components flowing to and from our nation.
Only by focusing on ensuring that innovation finds
its path to improve humanity will we be doing our job.
THE UGLY: The unfiltered tweets of course.

Gary Shapiro,
President and CEO

I T I S I N N O VAT I O N

Right: Bloomberg/Getty Images

Only by
focusing on
ensuring that
innovation
finds its path
to improve
humanity will
we be doing
our job.

The Trump Administration is a few months old and
I will share the good, the bad and the ugly from my
perspective as the head of your association.



Table of Contents for the Digital Edition of i3 - May/June 2017

Contents
i3 - May/June 2017 - Cover1
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i3 - May/June 2017 - Contents
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