During the Reagan administration, American companies believed that in addition to returning profits to their shareholders, they also held a moral obligation to consider the interests of their employees, community and nation. [Dana Rohrabacher and Greg Autry| May 26, 2016 |Washington Times] America’s current business model suffers from a tragic misalignment of interests that is…
The U.S. International Trade Commission has accepted a Section 337 petition filed by the U.S. Steel Corporation that at a minimum seeks a ban on steel imports from China’s largest forty producers due to illegal competition via theft of trade secrets, price fixing and false designation of origin. [Daily News| May 26, 2016 |Inside US…
The 18th round of negotiations on a secret deal to limit public oversight over the services economy starts today at the World Trade Organization (WTO) in Geneva, and negotiators will have a new item on their agenda: how to deal with the onslaught of leaks of proposals that were supposed to remain locked away in…
The U.S. Chamber of Commerce on Wednesday (May 25) strongly signaled that it is not expecting a vote on the Trans-Pacific Partnership this year when it urged the next president of the United States to pursue pro-trade policies starting with the approval of the TPP and the Transatlantic Trade and Investment Partnership in a publicly…
During the second day of U.S. President Barack Obama’s three-day visit to Vietnam, Obama continued to push for passage of the Trans-Pacific Partnership trade deal. [Sean Caleb| May 24, 2016 |CCTV] Obama says the deal will benefit many Asian nations but the U.S. president admits he’s facing a hard-sell back home with a skeptical Congress.…
Sen. Marco Rubio weighed in Tuesday on the ITC’s projections of economic gains from TPP, calling them “a little bit disappointing.” But he indicated he hasn’t made up his mind about the deal. [Victoria Guida and Doug Palmer| May 25, 2016 |Politico] “We’ve seen the report that just came out,” the former presidential candidate told…
The government’s own assessment of the toxic Trans Pacific Partnership (TPP) shows that the controversial trade deal will produce negligible economic benefits while damaging most Americans’ jobs and wages. [Deirdre Fulton| May 19, 2016 |Common Dreams] The U.S. International Trade Commission’s (ITC) report (pdf), issued Wednesday, shows that the TPP “would likely have only a small positive…
On May 18, 2016, the U.S. International Trade Commission (USITC) released its report, “Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors,” relative to the agreement that President Obama signed in February with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. [Michele Nash-Hoff| May…
U.S. President Barack Obama said on Monday he was confident a Trans-Pacific Partnership (TPP) trade deal he has championed will be approved by U.S. legislators, to the benefit of the world. [Robert Birsel| May 23, 2016 |Reuters] Obama, on a Visit to Vietnam, told a news conference the TPP was a good deal for U.S.…
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…