HONG KONG — As Chinese companies try to snap up American tech businesses, they are setting off ripples of unease in the Obama administration and in Congress, inciting a backlash that has stopped the latest acquisition attempt. [Keith Bradsher & Paul Mozur| February, 16 2016 |New york Times] One of the companies that first brought…
On January 25, 2016, the Peterson Institute for International Economics (PIIE) released a report on the Trans-Pacific Partnership trade agreement. The Coalition for a Prosperous America (CPA) promptly released their commentary on the Peterson Institute report the same day, which was based on oral and written testimony CEO Michael Stumo had given to the U. S. International Trade Commission on…
Emails show Clinton seeming to personally lobby her former Democratic colleagues in the Senate to support free trade agreements (FTAs) with Colombia, Panama and South Korea. She had previously told voters she would work to block the Colombian and South Korean pacts. [Jackie Salo & David Sirota| February, 19 2016 |International Business Times] An email Oct. 8, 2011, to…
The board of the National Milk Producers Federation (NMPF), the major U.S. dairy industry association, is slated to decide on the group’s position on the Trans-Pacific Partnership (TPP) at its March 8 meeting, according to NMPF Senior Vice President Jaime Castaneda. [Inside U.S. Trade| February, 16 2016 |Inside U.S. Trade] Castaneda told reporters on…
A century ago, Carl Sandburg dubbed Chicago the City of Big Shoulders: “hog butcher for the world, tool maker, stacker of wheat, player with railroads and the nation’s freight handler; stormy, husky brawling.” [Leo Gerrard, Alternet| February, 14 2016| Salon] All of this was true of America itself as well: Nation of big shoulders.…
The titanium industry is an example of how trade agreements make the US lose and not win. The Korea-US free trade agreement (KORUS) was approved in 2011 and implemented in 2012. Korea had no titanium industry before the KORUS deal, but created one to export to the US because of the deal. This was a…
Donald Trump, the billionaire and national GOP presidential frontrunner who just won the New Hampshire primary and is polling ahead of the field in South Carolina, is seizing a major political opportunity with the news that Ford and Carrier are shipping thousands of U.S. jobs to Mexico. [Matthew Boyle| February, 13 2016 | Breitbart] In a…
Matthew Weaver/Capital Press R-CALF CEO Bill Bullard outlines some of the problems with the Trans-Pacific Partnership trade agreement for U.S. cattle producers Feb. 10 during a meeting in Spokane. [Matthew Weaver/Capital Press R-CALF CEO Bill Bullard| February, 15 2016 | NEWS.MIKECALLICRATE.com] Matthew Weaver/Capital Press R-CALF CEO Bill Bullard outlines some of the problems with the…
Below are all the cases during the presidential debates so far in which candidates have mentioned free trade as an issue. (I’ve edited a little for clarity, as raw transcripts of live debates contain a lot of verbal clutter.) [Ian Fletcher| February, 15 2016 |Huffington Post] As you’ll see, this issue has boiled somewhat hotter…
U.S. Trade Deficit in Manufactures Soared by $89 Billion in 2015, 600,000 Job Loss; Chinese Surplus Up More Than $50 Billion to $1.1 Trillion by Ernest Preeg, MAPI (link to original) The U.S. trade deficit in manufactures in 2015 soared by $89 billion, or 16%, to $650 billion, which resulted in a trade-related loss…