OTTAWA – In the midst of the federal government’s Trans-Pacific Partnership (TPP) consultations, a new study from the Canadian Centre for Policy Alternatives (CCPA) sheds further doubt on claims the deal will generate significant trade benefits for Canada. [CCPA| May 31, 2016 |Policy Alternatives] The study finds that the removal of tariffs in the…
by Michael Stumo House Speaker Paul Ryan appeared last week on Larry Kudlow’s talk radio show talking about his differences and similarities with Donald Trump’s position. In the process of describing how they will ultimately come together, he tried to sell his old failed trade approach as “smart trade” akin to what Trump is talking…
Multinational corporations will always find a way to get around complex, onerous tax regulations. [David Morse| May 31, 2016 |USA Today] Letter to the editor: Arguing in favor of cutting the corporate tax rate, the Editorial Board throws domestic corporations under the bus. It ignores the Tax Policy Center report explaining that 75% of U.S. corporate stock…
The terms of two of the seven WTO Appellate Body (“AB”) members expire at the end of May. For one member, a replacement must be found as the existing member has served the maximum time permitted by the rules (two four-year terms). For the second, the AB member has sought reappointment to a second four-year…
As American steel production falters, China has begun efforts to dump its excess steel at slashed prices. [Kenya Sinclair| May 23, 2016 |Catholic] LOS ANGELES, CA – According to Thomas J. Gibson, president and CEO of the American Iron and Steel Institute, and Chuck Schmitt, president of SSAB Americas and chairman of the American Iron and Steel’s Institute’s…
by Michael Stumo Back in our colonial days, we participated in what was called Triangular Trade. Our 13 colonies exported raw materials and natural resources to Europe. Europe exported value added manufactured goods. Africa exported slaves to the colonies. Then America became a manufacturing powerhouse using our own raw materials (minus the slaves) to…
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…