Photo: Hessam Bakhtiarzadeh
Flanked by some of the nation’s top manufacturing executives, President Donald Trump signed an executive order today directing federal agencies to each create task forces to identify burdensome regulations ready that could be removed, promising the end of “an impossible situation” for U.S. companies and new economic growth.
The manufacturing CEOs also told Trump that while many of them have jobs that need to be filled, it’s still far too difficult for them to find skilled labor to fill those jobs.
ThyssenKrupp Sells Brazilian Venture, Ends Americas Investment
Thyssenkrupp AG has struck a deal to sell money-losing Brazilian steel mill CSA Cia Siderúrgica do Atlántico SA to Ternium SA for $1.3 billion (1.26 billion euros), ending a foray into the Americas that led to years of massive losses. Including debt, the deal gives CSA, the largest foreign investment project ever in Brazil, an enterprise value of $1.59 billion (15 billion euros).