By Michael Stumo President-elect Trump said, in a video yesterday, that the first action he will take as President is to withdraw from the Trans-Pacific Partnership. Thank goodness. But then he said, “Instead, we will negotiate fair, bilateral trade agreements that bring jobs and industries back onto American shores.” Trump should re-examine whether there is…
FOR IMMEDIATE RELEASENovember 22, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] CPA Applauds Trump’s Promise to Withdraw from TPP Washington~ President elect, Donald Trump, issued a video on Monday outlining his policy plans for his first 100 days in office and vowing to issue a note of intent to withdraw from the Trans-Pacific Partnership…
[Ian Fletcher| November 17, 2016 |Huffington Post] Trump’s election represents a lot of things, but one thing that doesn’t seem to have been quite noticed as much as it should be is this: it is the Battle of Waterloo, the final decisive defeat, of market fundamentalism. Market fundamentalism, for readers unfamiliar with the term, is the belief…
[James Trimargo| November 18, 2016 |Yes Magazine] Amid the fallout from Donald Trump’s election is the end of the Trans-Pacific Partnership. After six years of negotiations, the controversial trade deal is dead. Its proponents were caught off guard. Just a week before the election, U.S. Trade Representative Michael Froman was telling CNBC that members of Congress were…
[Peter Morici| November 20, 2016 |Washington Times] Globalization is inevitable and nothing about the presidential campaign changed that. Ever since merchants first moved among human settlements, people have exchanged goods, blended cultures and specialized to create wealth, but trade also creates winners and losers. Donald Trump has seized on an enduring truth: whether America or…
[Daily News| November 18, 2016 |Inside US Trade] Just over week after the election of Donald Trump effectively eliminated the chances for a vote on the Trans-Pacific Partnership this year, Republican members of the Senate Finance Committee said they see a path forward in working with the president-elect on trade policy — including the possibility…
[Daily News| November 16, 2016 |Inside US Trade] Senate Finance Committee member Sherrod Brown (D-OH) is calling for President-elect Trump to conduct a sweeping review of the United States’ trade relationship with China, pick a U.S. Trade Representative with a background in manufacturing, ditch the Trans-Pacific Partnership and renegotiate NAFTA. “Donald Trump made a lot…
[Edward Wong| November 17, 2016 |The New York Times] Congress should exercise greater scrutiny over trade and investment practices between the United States and China in order to prevent China from taking advantage of the economic relationship, a congressional commission said in a report released on Wednesday. In its long list of recommendations, the commission advised Congress…
[Michelle Kim| November 11, 2016 |Market Watch] WASHINGTON — The United States should bar Chinese state-owned enterprises from acquiring U.S. companies – takeovers that give China an unfair advantage in trade relations, according to a report released Wednesday by a congressional advisory panel. While Chinese companies face less restricted access in the U.S., China has…
[NICOLE GELINAS| November 11, 2016 |The Daily Beast] Donald Trump could not have won the presidency in 2016 were it not for what happened eight years before: the global financial meltdown. To this day, political elites do not grasp how the crisis shattered Americans’ perceptions of their economic security. This top-level failure has gradually claimed…