To the Editor: American families devastated by the outsourcing of manufacturing jobs and lower wages would be dumbfounded by Eduardo Porter’s March 30 Economic Scene column, “The Jobs Nafta Saved.” Germany, Japan and other countries continue to have strong domestic auto industries while also paying livable, middle-class wages. American corporations take advantage of the North…
Editorial note: CPA believes trade law enforcement must be drastically increased, however enforcement is not enough without a goal to balance overall trade. [John Veroneau and Shara Aranoff| April 6, 2016 |Politico] Donald Trump and Hillary Clinton may not agree on much, but they have both criticized the government for failing to adequately enforce U.S.…
If you’re feeling like the Trans-Pacific Partnership doesn’t have much chance of passing this year, you’re not alone. During a lunchtime discussion of foreign policy and trade experts, Commerce Undersecretary for International Trade Stefan Selig was practically the only person who was optimistic that the deal could go through this year, our Doug Palmer reports…
April 6, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] Washington ~ The federal government announced that the US trade deficit worsened yet again in February 2016. Modern trade deals continue to cause failures in US trade performance and loss of dynamic, diverse manufacturing and agricultural supply chains. Here are the relevant points from the…
If there’s one thing Americans understand, it’s cars. [Leon Lazaroff| April 5, 2016 |The Street] The U.S. auto industry, all but dead following the U.S. banking crisis of 2008, has largely recovered from the recession. Domestic auto production is breaking records, fueled in recent quarters by the declining price of gasoline. General Motors(GM – Get Report) and Chrysler, a division of Fiat…
Michael Stumo, CEO of CPA, wrote a letter to the editor regarding the article: Long-Simmering Anger About Trade Is Boiling Over for Voters in New York Times. His response was published. There is an old joke about a shipwrecked economist advising his stranded colleagues how to open a can of food by saying “assume we have a…
One of the truly dumbest arguments I hear in favor of free trade is that national borders are “arbitrary.” [Ian Fletcher| April 4, 2016 |Huffington Post] I usually get this from right-wing libertarian types, but occasionally from “one world” leftists, too. But it’s not true. For a start, calling national borders “arbitrary” is simply irrelevant,…
“The reason why Obamatrade became law is because of Sen. Ted Cruz (R-TX),” said Donald Trump’s senior policy advisor Stephen Miller on Monday’s program of Breitbart News Daily. [Julia Hahn| March 29, 2016 |Breitbart] Miller — who had been working for Sen. Jeff Sessions (R-AL)at the time that Sessions led the conservative opposition to Obamatrade in…
The intense anti-trade sentiment of the presidential campaign is putting in doubt the congressional approval of the Trans Pacific Partnership (TPP), according to two private-sector lobbyists backing the deal. [Daily News| March 31, 2016 |Inside US Trade] Myron Brilliant, Executive Vice President and Head of International Affairs at the U.S. Chamber of Commerce, said on…
Never have I seen a political issue so susceptible to sophistry – in the original sense of that term connoting tricky conceptual sleight-of-hand – as trade economics. [Ian Fletcher| March 29, 2016 |Huffington Post] Never have I seen a political issue so susceptible to sophistry – in the original sense of that term connoting tricky…