President Obama’s top spokesman said Obama supports Hillary Clinton’s decision to pick Sen. Tim Kaine as her running mate, despite his recent about-face on one of Obama’s legacy priorities — ratification of the Trans-Pacific Partnership. [Nicole Duran| July 25, 2016 |Washington Examiner] “I’ll let Sen. Kaine discusses his position on the Trans-Pacific Partnership,” press secretary…
The Trans-Pacific Partnership has little chance of coming to a vote in a lame-duck session of Congress — and likely wouldn’t garner enough support to pass anyway, according to House Ways & Means Committee Ranking Member Sandy Levin (D-MI). [Daily News| July 25, 2016 |Inside US Trade] “It is now increasingly clear that the Trans-Pacific…
Sen. Tim Kaine, Hillary Clinton’s running mate, has gone on record saying he cannot support the Trans-Pacific Partnership in its current form— a stance calculated to make him more appealing to supporters of Bernie Sanders who revile the deal. Doug Palmer| July 20, 2016 |Politico] Kaine spokeswoman Amy Dudley said Saturday that the Virginia Democrat…
Donald Trump took another step toward blowing up the TPP in his speech accepting the Republican Party nomination on Thursday, declaring the United States will no longer join big trade agreements and concentrate instead on enforcing and renegotiating existing trade pacts. [Doug Palmer| July 22, 2016 |Politico] “No longer will we enter into these massive transactions,…
Donald Trump this year single-handedly overturned years of free-trade orthodoxy among Republican political leaders — which is making his choice of a running mate a bit awkward. [William Maulding| July 15, 2016 |Wall Street Journal] Mr. Trump said Friday on Twitter his vice presidential pick is Gov. Mike Pence of Indiana. Mr. Pence, like many…
Alabama Sen. Jeff Sessions was the only speaker on the first night of the Republican Party convention to devote significant time to trade issues, striking a familiar chord in opposing what he calls “Obamatrade” and lamenting trade deficits with China and Korea. [Daily News| July 19, 2016 |Inside US Trade] Sessions – whose trade stances…
The Commerce Department approved wide-ranging final duties on hundreds of millions of dollars worth of cold-rolled steel products from Brazil, India, Korea, Russia and the United Kingdom to offset unfairly low pricing and government subsidies. [Doug Palmer| July 22, 2016 |Politico] The department late Thursday set anti-dumping duties ranging from 10 percent to 32 percent on Brazil, about 8…
The European Commission is exploring a new methodology for handling antidumping and subsidy cases in a move meant to ensure China does not gain market economy status, but fears have quickly surfaced that the Commission’s pending proposal may drop the European Union’s market economy criteria. [Daily News| July 20, 2016 |Inside US Trade] European Trade…
China is obviously not a market economy, European Union Trade Commissioner Cecilia Malmström told reporters on Tuesday, but that does not matter for a decision countries have to make this year about how they calculate anti-dumping duties on Chinese goods. [Adam Behsudi| July 20, 2016 |Politico] “The issue of China’s market economy status is not really…
by Michael Stumo Paul Ryan and Barack Obama have been pushing the Trans-Pacific Partnership as a trade agreement. We know from past experience these deals promote other countries’ market access to US consumers more than they promote exports. But the TPP is more about global governance and sovereignty than trade. President Obama spoke at Nike…
