TTC Yes, IRA No Despite French President Emmanuel Macron’s high profile State Dinner with President Joe Biden last week, modifying the Inflation Reduction Act to accommodate European concerns appears to be going nowhere. President Biden suggested the IRA could be “tweaked” to be more favorable to Europe but Politico reports that Congressional Democratic leaders are pushing back against that possibility. The issue was downgraded from a key agenda item at today’s bilateral Trade and Technology Council meeting. In fact, other U.S. tax policies that are more favorable to Europe and other countries are instead coming to the fore. For example, Section 5010 of the tax code gives a tax break for the marketing of blended or...
Key Market Insights The broad market is locked in on this week’s Trump-Xi meeting in Beijing, but this is no longer just a trade summit. Increasingly, the meeting is becoming tied directly to Iran, energy security, and the growing global economic fallout from disruptions through the Strai...
From WPI Consulting
Infrastructure investment due diligence
On behalf of a Canadian oilseed processer WPI's team provided market analysis, econometric modeling and financial due diligence in support of a $24 million-dollar investment in a Ukrainian crush plant. Consistent with WPI's findings, local production to supply the plant and the facility's output have expanded exponentially since the investment. WPI has conducted parallel work on behalf of U.S., South American and European clients, both private and public, in the agri-food space.