Economic globalization is often presented as an inevitability, a wave of the future to which we must either adapt or get left behind. But it isn’t. How much globalization we get and what kind are a choice, a result of deliberate political decisions we have the power to make or not make. [Ian Fletcher| April…
Tis the season of talk about tax reform. Every presidential election cycle, the candidates all propose some kind of tax reform. However, once the new president is elected, Congress does not do anything because tax reform becomes the “third rail” to special interests who lobby for or against reforms that would affect them. The last…
Support for the Transatlantic Trade and Investment Partnership (TTIP) deal has plummeted on both sides of the Atlantic. [Nick Hallet| April 21, 2016 |Breitbart] A similar fall happened in the United States, with 18 per cent supporting the deal now, compared to 53 per cent in 2014. However, knowledge of the deal remains low with…
President Obama this week said the prospects for congressional approval of the Trans-Pacific Partnership will be best after the election season ends, signaling that the White House still believes it can successfully navigate political headwinds and push the trade agreement through Congress this year. [Daily News| April 25, 2016 |Inside US Trade] “And with respect to…
An interesting story in the New York Times this morning looks at the effect that job losses from trade have had on people’s political views. It’s no surprise that voters on the losing end of globalization are disenchanted with the political mainstream, as the Times puts it. They have every right to be. [Lawrence Mishel| April 26, 2016 |EPI] But…
As the candidates campaign in Pennsylvania, Indiana and elsewhere, one of the issues resonating strongly this year is trade, and whether it’s helping or hurting the American economy and its workers. [Hari Sreenivasan|April 21, 2016 |PBS News] It’s been a long time since trade policy played out this way in a campaign. This week, our…
On behalf of the 8,500 men and women of AK Steel, last week I traveled to Washington D.C. to talk about an urgent and important matter that is threatening America’s steel industry. [Roger K. Newport| April 21, 2016 |Cincinnatti.Com] I joined industry leaders who testified before representatives of the U.S Department of Commerce, the U.S Trade…
PURPLE REIGN? Veteran Democratic pollster Peter Brodnitz say there’s a big misconception about how voters view trade, noting a new Progressive Policy Institute poll that shows 65 percent of swing voters in four battleground states think manufacturing jobs have been lost to cheap labor competition overseas, not bad trade deals. [April 22, 2016 |Politico] “There’s a very big…
If Hillary Clinton wants increased jobs, higher wages and improved national security to be part of any U.S. trade deal, then by Tom Vilsack’s logic, she should support the Trans-Pacific Partnership [Doug| April 21, 2016 |Politico] “Well, let me answer it this way and not necessarily in response to a question that’s posed based on…
(Stumo note: Japan’s currency undervaluation is causing Honda to move auto production out of the United States. The article below shows a recent example of shifting from Ohio back to Japan. This is a big reason why the TPP is a stupid trade agreement because it does not fix currency undervaluation.) John Lippert | Bloomberg…
