by Michael Stumo Last Wednesday (10/5/16) I was a guest on BBC World Service with globalist economists Jeffrey Sachs and Pankaj Ghemawat discussing the future of trade and globalization. I was invited as a presumed nationalist/protectionist counterpoint to the other two guests. Whlie I was certainly a counterpoint, our CPA view did not fit into…
[Edward Wong| October 05, 2016 |New York Times] BEIJING — An American government auditing agency will look at whether the United States should broaden its reviews of foreign investments and purchases in important areas of the economy. The decision comes as American lawmakers increasingly question purchases by Chinese and Russian companies controlled by or tied…
[Daily News| October 04, 2016 |Inside US Trade] Colorado Sen. Michael Bennet (D) has put himself in the camp of Trans-Pacific Partnership skeptics who say they can’t support the deal without key changes – though he hopes the U.S. does not “just walk away” from it entirely. Asked by a Colorado television station whether voters “deserve”…
[Angelo Young| October 03, 2016 | Salon] Free-trade agreements have become a flashpoint in this year’s contentious presidential race as voters from the right and left have decried them. Republican presidential nominee Donald Trump had pledged to eliminate the North American Free Trade Agreement while Democrat Hillary Clinton has backed out of supporting the proposed Trans-Pacific Partnership, a massive deal that would bring…
[Vicki Needham| September 28, 2016 | The Hill] Business groups are facing a major problem in their final push for passage of President Obama’s signature trade agreement — a lack of unity. While groups like the National Association of Manufacturers (NAM) and the U.S. Chamber of Commerce are committed to passing the Trans-Pacific Partnership (TPP),…
[Jeff Faux| September 29, 2016 | The Globalist] During the 1993 U.S. congressional debate over the North American Free Trade Agreement, a Democratic Congressman with a solid pro-labor voting record asked me why I thought NAFTA would be bad for working people. After I had given my answer, he responded: “Well, you may be right…
[Edward Wong| September 30, 2016 | The New York Times] PRINCETON, N.J. — Movie theaters and studios are rarely the focus of geopolitical conflict. But 16 members of Congress are raising this question: Should foreign acquisition of these kinds of American companies be subject to special scrutiny? In a recent letter, those politicians cited the…
by Michael Stumo I was in DC last week focusing mostly on the TPP. Here is the current status. Paul Ryan again said, last week, that the TPP won’t come up for a vote in the lame duck session. McConnell has said this before as well. However, their statements leave wiggle room for something changing.…
[Press Release| September 28, 2016 | Democrat Ways and Means] WASHINGTON, DC – Ways and Means Committee Ranking Member Sander Levin (D-MI) today spoke and participated in a discussion at the Council on Foreign Relations about the need for policymakers to take a fresh look at U.S. trade policy. Rep. Levin’s full prepared remarks can be…
[Dean Baker| September 29, 2016 | Beat the Press] Most workers suffer serious consequences when they mess up on their jobs. Custodians get fired if the toilet is not clean. Dishwashers lose their job when they break too many dishes, but not all workers are held accountable for the quality of their work. At the…