On March 16, the Office of Management and Budget released the Trump administration’s fiscal year 2018 budget outline, “America First: A Budget Blueprint to Make America Great Again,” the first formal articulation of its spending priorities. In an accompanying message to Congress, the president emphasized the importance of prioritizing American security and safety, noting significant increases for defense and homeland security offset by “greater savings and efficiencies across the Federal Government.”
In addition to steep cuts to foreign aid and other forms of “soft power,” the budget blueprint proposes dramatic shifts to trade and investment priorities that – if enacted by Congress – could impact US stature abroad and change the landscape for American businesses operating around the world.
Our International Policy and International Trade Practices jointly examine the potential implications to US businesses as a result of the President’s proposal in an article first published by Law360. Download the PDF above for the complete article.