Conservatives believe they can persuade a majority of their colleagues in the House GOP to oppose the Export-Import bank, whose charter expired June 30. [Reposted from The Hill | Kevin Cahill | July 12, 2015] Rep. Jim Jordan (R-Ohio), the chairman of the conservative House Freedom Caucus, said that there’s a “good chance” the majority…
Japan’s minister in charge of a 12-country Pacific Rim free trade initiative said Tuesday one possible option is to reach a broad agreement without some members that are unwilling to end negotiations at the next ministerial meeting later this month in Hawaii. July 14, 2015 | MarketPulse Economic and Fiscal Policy Minister Akira Amari…
The U.S. trade representative will join trade ministers from 11 other countries in Hawaii from July 28-31 [Reposted from the Wall Street Journal | William Mauldin | July 7, 2015] he Obama administration will host a high-level trade meeting in late July in an effort to conclude a sweeping Pacific trade pact, after winning key…
For Immediate Release July 9, 2015 Contact: Josh Goldstein 202-637-5018 AFL-CIO Condemns State Department Upgrade of Malaysia onTrafficking ListStatement by AFL-CIO President Richard Trumka in response to reports indicating the United States is prepared to upgrade the Malaysian government in its annual Trafficking in Persons (TIP) Report: We are outraged by this clearly political…
WASHINGTON — With a final accord in sight, the 12 nations negotiating a trans-Pacific trade agreement linking 40 percent of the global economy have set a last round of talks for late July on the remaining issues on the most ambitious trade deal in a generation. [Reposted from The New York Times | Jonathan Weisman …
Washington, D.C. – The Commerce Department released the latest monthly U.S. trade figures Tuesday. The overall monthly U.S. international goods and services trade deficit increased to $41.9 billion in May, from $40.7 billion in April, revise [Reposted from the Alliance for American Manufacturing site | July 7, 2015] The monthly U.S. goods deficit with China…
One shortcoming of the Trans-Pacific Partnership is that it has only one major consumer market, the United States, while the rest of the trading partners are essentially producers with limited demand for imported goods, said Terence Chong, who is the executive director of the Institute of Global Economics and Finance at the Chinese University of…
Countries are trade partners with a shared goal of challenging US hegemony, but past disputes and competing interests make the relationship more complex. Forget euro summits and G7 gatherings: for the countries that like to style themselves as the world’s rising powers, the real summitry takes place this week in central Russia, where Vladimir…
Editors Note: While the pro-trade deficit lobby claims that 98% of consumers live outside the United States, this article shows most have little, if any, purchasing power. UNITED NATIONS — Poverty may be down worldwide, yet that does not mean that yesterday’s poor are today’s middle class. Data analyzed by the Pew Research Center…
WASHINGTON – Ways and Means Committee Ranking Member Sander Levin (D-MI) today issued the following statement following a luncheon hosted by Vice President Biden in honor of Nguyen Phu Trong, General Secretary of the Central Committee of the Communist Party of Vietnam: [Reposted from the Ways and Means site | Rep. Sander Levin | July…