Global establishment scrambles to defend free trade

Hillary Clinton faces an election that has come to revolve around the legitimacy of a political establishment that she epitomizes. And no issue has fueled that challenge – in the US and Europe alike – more powerfully than international trade. [Simon Tilford| July 29, 2016 |Project Indicate] LONDON – According to conventional economic wisdom, free…

Crony Capitalists Counter Attack for TPP

Democrats ripped President Barack Obama’s Asia Pacific trade deal in Philadelphia this week, much as Republicans had the week before in Cleveland. But despite the boisterous politics and candidates’ dead-on-arrival declarations, business groups have launched a well-funded, national effort to lobby their way to TPP approval. [Megan Cassella| August 1, 2016 |Politico] Caterpillar Inc. hosted…

At national convention, Ron Kind faces flak on TPP

PHILADELPHIA — U.S. Rep. Ron Kind faced a row of TV cameras, surrounded by a small band of fellow Democratic rebels resolved to make their voices heard. [Mark Sommerhauser| July 27, 2016 |Journal Times] Kind, D-La Crosse, had just finished addressing Wisconsin delegates Wednesday morning at the Democratic National Convention. Kind started speaking to reporters…

Who Gets the Gains from Trade?

Let’s start the debate about trade policy on the right foot. Everyone I know is “for” trade. A better question is, “Who gets the gains from trade?” [Stan Sorscher| July 29, 2016 |Huffington Post] Gains from anything, trade included, can be divided in 3 ways.  Someone might give you your share of gains, for whatever…

COONS: TPP DEATH IN 2016 QUITE POSSIBLE:

Trade-supportive Democratic Sen. Chris Coons said the next administration will have to work hard to shore up relations in the Asia-Pacific region because there appears to be little chance of passing the TPP this year. [Adam Behsudi | July 29, 2016 |Politico] “I’ll take your presumption that TPP is dead for the rest of this Congress and this…

HILLARY DOUBLES DOWN ON DEFENSIVE TRADE POLICY:

Red, white and blue balloons flooded the Wells Fargo Center following a speech in which Hillary Clinton simultaneously hit Donald Trump while presenting a vision for stabilizing the U.S. economy and middle class. [Adam Behsudi | July 29, 2016 |Politico] “If you believe that we should say no to unfair trade deals, that we should…

RYAN SAYS NO TPP VOTE THIS YEAR:

House Speaker Paul Ryan said Tuesday that because of a handful of problems with the pact that the Obama administration has yet to fix, he doesn’t expect a vote to come up this year. [Megan Cassella July 27, 2016 |Politico]  “I think the administration screwed up negotiating it,” Ryan said at a luncheon in Milwaukee, according to…

We Cannot Afford TPP and Loss of More Jobs

Michele Nash-Hoff Michele Nash-Hoff is president of Electro Fab Sales and chair of the California Chapter of the Coalition for a Prosperous America. [Michele Nash-Hoff| July 25, 2016 |San Diego Business Journal]  The proposed Trans-Pacific Partnership will cause the same economic havoc as the North American Free Trade Agreement. The boost to the San Diego…