The White House put Congress on notice Friday morning that it will be sending lawmakers a bill to implement President Barack Obama’s landmark Trans-Pacific Partnership agreement – a move intended to infuse new energy into efforts to ratify the flat-lining trade pact. [Adam Behsudi | August 12, 2016 | Politico] The submission of the draft Statement of Administration…
HICKORY, N.C.—In the late 1990s, this furniture-making hub seemed sheltered from the disruptive forces of globalization. Laid-off steelworkers from West Virginia, Tennessee and beyond streamed here for new jobs building beds, tables and chairs for American homes. The unemployment rate fell below 2%. [Bob Davis and Jon Hilsenrath| Wall Street Journal] These days, Hickory is still suffering…
In a rules-based system, the rules are developed to permit the smooth functioning of the members within the system by identifying what can and cannot be done. Stop signs and traffic lights are common in nearly all societies to permit the movement of people and goods in a manner that both facilitates movement and ensures…
[Dan Lipinski| August 9, 2016 |Chicago Tribune] President Barack Obama has told Americans that the Trans-Pacific Partnership would grow American jobs as trade barriers are removed and exports to foreign countries increase. The same promises were made with past trade deals, but those deals wound up hurting America’s middle class. And unfortunately, a close reading…
U.S. Rep. Richard Neal anticipates playing an “important role” in Congress opposing theTrans-Pacific Partnership trade deal, should it come to a vote before the end of the year. [Shira Schoenberg| August 8, 2016 |MassLive] The free trade deal between the U.S. and Pacific Rim nations is a major potential legacy of President Barack Obama, a Democrat. But both…
FOR IMMEDIATE RELEASE August 9, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] Government Report: June Trade Deficit Jumps 8.5% Despite Trade Deals Washington~ The US trade deficit in June grew by 8.5% according to a government report released on August 4th. Now at its 10-month high, the trade deficit reached a whopping $44.5 billion.…
In an election defined by Donald Trump’s ethnocentrism, there’s at least one thing that both his and Hillary Clinton’s campaigns agree on: They want to unravel the Trans-Pacific Partnership, the largest regional trade pact meant to tie closer together the United States, Japan, and 10 other nations around the Pacific Rim. Over the protests of…
President Obama’s renewed pitch for the Trans-Pacific Partnership (TPP) on Tuesday ran into blunt reality when six House Republicans urged him not to send the trade accord to Congress for a vote this year. [David Nakamura| August 2, 2016 |Washington Post] The request, made in a letter to the White House, represents another potentially serious blow to the…
The U.S trade deficit has gone up again and it seems everyone is turning a blind eye toward it — except Republican nominee Donald Trump. [PoliZette Staff| August 5, 2016 |Lifezette] The deficit suffered an 8.7 percent jump in June and has officially reached a 10-month high of $44.5 billion, according to MarketWatch. This jump…
Peru’s lingering compliance issues with labor provisions in its bilateral free trade agreement with the United States would have no effect on the implementation of the Trans-Pacific Partnership, which has similar labor provisions. However, it could create political headaches for the Obama administration as it pursues a lame-duck vote on the TPP deal, sources told Inside…
