Progressives believe that fair trade agreements are possible – but not if the administration follows the old model for negotiations [Reposted from The Guardian | Raúl M Grijalva and Keith Ellison | March 9, 2015] The United States is currently negotiating with eleven other nations to finalize the Trans-Pacific Partnership (TPP) – one of the…
The United States had a goods and services trade deficit of approximately $463.5 billion in 2013, which cost millions of U.S. jobs. Contrary to the well agreed-upon fact that trade deficits lead to job loss, the Business Roundtable (BRT) has sponsored a study which claims to show that U.S. goods and services trade (both imports…
A third of the finished steel products bought in the United States so far this year were made overseas, and domestic steelmakers are ailing. [Reposted from NWI.com | Joseph S. Pete | March 10, 2015] Finished steel imports seized 33 percent of the market share last month, and have captured a full third of the…
(Bill Bullard, CEO of R-CALF USA, sits on the Board of the Coalition for a Prosperous America.) R-CALF USA Helps Promote COOL to White House Domestic Policy Council Washington, D.C. – In a meeting today with White House Domestic Policy Council staff, R-CALF USA and other farm and consumer groups urged that President Obama direct…
Let’s begin with some basics: Trade deficits must be financed. A country simply cannot have a trade deficit unless private or government investors are willing to finance it. This is not simply an accounting convention – it is real debt. [Reposted from Forbes | Mike Collins | January 15, 2015] Normally trade deficits are self…