Amid an apparent lull in the negotiations, officials from Trans-Pacific Partnership (TPP) will gather this week in Mexico to continue the legal scrub of provisions of the deal that have already been agreed, marking the highlight of a work week in U.S. trade policy that will be otherwise quiet due to the congressional recess and…
Michele Nash-Hoff, author of this article, is Chair of the CPA CA Chapter. [Reposted from the San Diego Union Tribune | Michele Nash-Hoff | August 27, 2015] Promoters of the Trans-Pacific Partnership Agreement make the same promises made by promoters of past trade agreements. Did their promises come true? Promoters of the North American Free…
DES MOINES, Iowa — Former Arkansas Governor Mike Huckabee struck a nationalist, populist chord in an appearance at the annual Iowa State Fair Thursday, telling The Washington Post that new tariffs might be a fair response to China’s devaluation of the yuan this week. [Reposted from The Washington Post | David Wigel | August…
Since China devalued its currency 3 percent, global markets have gone into a tailspin. Why should this be? [Reposted from End Global Governance | Pat Buchanan | August 24, 2015] After all, 3 percent devaluation in China could be countered by a U.S. tariff of 3 percent on all goods made in China, and the…
The president of Mexico’s auto industry association on Wednesday (Aug. 26) laid out in detail his objections to a deal worked out by the United States and Japan on the automotive rules of origin in the Trans-Pacific Partnership (TPP) that has been rejected by the governments of Mexico and Canada because it includes a regional…
Why China needs an overvalued currency to unwind years of undervaluation and manipulation. On Aug. 11, the People’s Bank of China announced a decision to devalue China’s currency — the renminbi, or RMB — by 1.9 percent, by resetting the daily band within which it’s traded. That’s the largest single-day devaluation in the RMB since…
(Bloomberg) — Ford Motor Co.’s top financial executive said the weak yen gives Japanese automakers as much as $11,000 more profit per car and allowed Toyota Motor Corp. to earn an extra $10 billion in 2013. Ford wants the U.S. to intervene against what it sees as currency manipulation. [ by Keith Naughton |…
Molycorp to mothball rare earths mine in California Molycorp Inc., the only U.S. producer of rare earths, on Wednesday said it would mothball its mine in California, laying off almost 500 workers and suspending the country’s sole source of the 15 elements used in magnets, batteries and other high-tech products. [ by John…
China is increasingly using recycled steel, pressuring iron-ore prices and global miners. The world’s biggest producers of iron ore have a problem, and it lies in the steel that has already gone into China’s cars, bridges and skyscrapers. [ by John W. Miller and Rhiannon Hoyle | August 25, 2015 | WSJ ] Over…
Billings, Mont. – Detractors of the United States’ country of origin labeling (COOL) law are reenergized as a result of a recent World Trade Organization (WTO) ruling that determined that COOL violates international trade laws because it results in foreign livestock being treated differently than U.S. livestock. Despite polls indicating overwhelming support for COOL, and…
