[Josh Harkinson | August 18, 2016 | Mother Jones] Until very recently, grousing about the pitfalls of global trade was seen as akin to complaining about the weather. One could no more stop China from dumping cheap imports than outlaw El Niño. And besides, the deluge of foreign goods would in the long run lift all…
We’ve pointed out before how topsy turvy things have become with the Trans Pacific Partnership (TPP) agreement lately, and it seems to be getting even more weird, but not for any good reason. As we’ve pointed out dozens of times now, actual free trade is a good thing for the world — but the TPP agreement has very,…
Brigadier General John Adams: By facilitating the further offshoring of America’s manufacturing base, the trade pact would actually undermine America’s military readiness and global economic standing. TPP would hurt our national security interests more than it would help. [John Adams | August 17, 2016 | The Hill] The Republican and Democratic conventions showcased an extraordinarily rare point…
Australia’s new shadow trade minister, Jason Clare, and his Labor Party representing the opposition in the Australian Senate are facing pressure to come out against the Trans-Pacific Partnership, a move that could effectively stymie the TPP ratification process in Australia. [Daily News | August 18, 2016 | Inside US Trade] The governing Liberal Party, which…
by Michael Stumo Toomey just announced that he opposes TPP. His reasons are not the trade deficit or currency manipulation. Rather he cites Pharma, IP and dairy issues as objections. He has been very strongly opposite us on trade deals, but this opposition looks good for the remainder of this year. After seeing the Toomey…
Trade is good. I trade with my grocer so I don’t have to grow my own food. He trades with refrigeration companies so he doesn’t have to build coolers. We all trade with the electric utility for power. Trade is the fundamental mechanism that allows us to specialize, innovate and buy and sell the best…
Philadelphia, PA (August 17, 2016) – U.S. Senate candidate Katie McGinty released the following statement after Senator Pat Toomey, a longtime proponent of bad trade deals, attempted to flip-flop his position on the Trans-Pacific Partnership (TPP) trade deal this morning. [August 17, 2016 | Katie McGinty] “Pat Toomey has spent his entire career pushing bad trade deals…
The new chairman of Hillary Clinton’s transition team has been an outspoken supporter of the Trans-Pacific Partnership and works for a firm that lobbied for trade policy issues as recently as this spring, a review of congressional lobbying records and articles shows. [Megan Cassella | August 16, 2016 | Politico] Ken Salazar, a former U.S. senator and…
President Barack Obama is taking the fight for the Trans-Pacific Partnership trade deal to America’s streets — directly countering the fusillades from Donald Trump and, increasingly, from Hillary Clinton. [Adam Behsudi | August 16, 2016 | Politico] The White House is making an all-out push to win passage of the deal in the lame-duck session…
There are existing laws to address some trade cheating – such as unlawful subsidization of exports – by importers and foreign trade rivals. Antidumping and countervailing duties are imposed when trade cheating is found. The Customs and Border Protection agency is supposed to collect those duties. But they often do not. A July 2016 report…