Free Trade Is Dead

Regardless of who wins the presidential election in November, the 2016 campaign has already dramatically undermined a major pillar of post–World War II American economic and foreign policy—free trade. [Clyde Prestowitz| June 17, 2016 |Washington Monthly] Hillary Clinton’s current rejection of the same Trans-Pacific Partnership (TPP) free trade agreement that earlier she had called “the…

Froman Announces Work On TPP Implementing Bill, Reports

This week kicked off with U.S. Trade Representative Michael Froman announcing today (June 20) at the Council on Foreign Relations that the Obama administration is engaged in drafting the implementing bill of the Trans-Pacific Partnership and the other required elements of a legislative package, which Congress could vote on when a “window of opportunity” opens…

Carrier closing to cost Indiana economy $108M a year

Carrier Corp.’s decision to shutter its manufacturing operation on Indianapolis’ west side will cause a domino effect that will wipe out more than 2,700 jobs across Indiana and cost the state’s economy  more than $100 million a year, experts say. [Kris Turner| June 17, 2016 |Indy Star] Carrier plans to eliminate 1,400 low- to midgrade manufacturing…

Getting straight about the costs of trade

I recently attended a talk given by the Obama administration’s lead trade negotiator, Mike Froman, who was asked: “Why are Americans so angry about globalization right now?” His answer was one I’d heard many times, but of which I’ve often been skeptical. In so many words, he argued that the costs of trade are acute,…

‘Time to Get Loud’: Rock Stars and Celebs Aim to Amplify Anti-TPP Fight

It’s “the least boring piece of news related to the Trans-Pacific Partnership (TPP) in ages,”according to one campaigner.  [Deirdre Fulton| June 15, 2016 |Common Dreams] Celebrities including Rage Against the Machine guitarist Tom Morello, punk band Anti-Flag, and Lost actress Evangeline Lilly are mobilizing against the 12-nation, corporate-friendly deal—which has been exposed by multiple analyses as threatening the climate, labor protections, access to medicine, and…

US Official: Cambodia Could Join TPP Trade Pact

U.S. Under Secretary of State Catherine Novelli met senior Cambodian leaders in Phnom Penh last Friday during a three-day visit to the country, discussing a range of issues including deforestation, the investment climate, energy and technology. [Phorn Bopha| June 13, 2016 |Voa News] Novelli also raised the possibility that Cambodia could join the Trans-Pacific Partnership…

Time is running out on TPP

The Trans-Pacific Partnership continues to be one of the critical unfinished issues as the Obama administration wraps up its eight-year tenure. The regional trade agreement involves 12 nations and nearly 40 percent of global GDP – including the key economies such as the United States, Japan, Canada, Mexico, Australia and Vietnam. [J Berkshire Miller| June…