Yesterday, the U.S. International Trade Commission (ITC) released a long-awaited report on the projected economic impacts of the TPP agreement. The report is remarkable for its frank estimates of the costs of the agreement, and the minimal benefits it identifies. Overall, the ITC projects that by 2027, the TPP will increase U.S. exports to the world by…
by Michael Stumo Japan’s stealth manipulation of the yen is proving successful. Last week, Japan’s finance minister told their Parliament that the government would intervene in currency markets if they yen strengthened. So… this week the yen declined from 109 yen vs dollar to 110. Why? Banks, governments and private firms trading in foreign…
Former President Bill Clinton raked in millions of dollars from special interest groups in the weeks just before and after his wife announced her presidential campaign, including $325,000 from a group that pushed for the Trans-Pacific Partnership. [Sarah Westwood| May 18, 2016 |Washington Examiner] Hillary Clinton came out against the trade deal in October under pressure from…
China has moved to escalate the fight over what it claims are “unlawful” standards and methodologies the U.S. applies in countervailing duty investigations with China in violation of the Agreement on Subsidies and Countervailing Measures by failing to live up to a 2014 Appellate Body ruling, according to a May 13 consultation request. [Daily News|…
by Michael Stumo I listened to US Trade Representative Michael Froman discuss the Trans-Pacific Partnership yesterday on a business group conference call, after the US International Trade Commission report came out. Despite the fact that the report nullified Froman’s entire economic case for the TPP, you would never know it from his talk. Froman created…
