In a March 2015 speech, former Nobel Prize winning economist Joseph Stiglitz says that trade agreements, on net, have destroyed jobs. He says that economists increasingly agree that exports create jobs and imports destroy jobs. The question is what NET result, which of course has been negative. Export opportunities are fine if you can access…
Eamonn Fingleton thinks any Japanese TPP commitments will be seen as optional, based upon past performance. [by Eamonn Fingleton | April 26, 2015| Forbes] In reality, of course, the TPP deserves to be assessed on its own merits, not on how effectively Abe assuages resentments about Japan’s imperial past. The reality is that the…
Finally, public debate around the Trans-Pacific Partnership has moved beyond the question of being for or against trade. We’re now for it. The real question is what kind of trade policy will express our values as a country? [Reposted from The Seattle Times | Stan Sorscher | April 16, 2015] Former Govs. Chris Gregoire and…
John Hansen is president of the Nebraska Farmers Union and served as a U.S. Trade Representative trade adviser for three administrations for 14 years starting in 1994. He also sits on the Board of the Coalition for a Prosperous America. Reposted from the Omaha Daily Herald | John Hansen | April 29, 2015] The House…
The trade deficit caused first quarter US GDP growth to be basically zero – specifically 0.2%. Exports were down 7.2% while imports were up 1.8%. The Bureau of Economic Analysis news release says: The increase in real GDP in the first quarter primarily reflected positive contributions from personal consumption expenditures (PCE) and private inventory investment…
Sen. Sherrod Brown (D-OH) on Tuesday (April 28) said he and many other Democrats want to see the three trade bills that passed out of the Finance Committee along with legislation to reauthorize fast-track move together on the floor, but that he is not clear that this is the majority’s plan. [Reposted from Inside US…
