Foreign corporations could sue to undermine US protections for consumers’ health, safety and financial security under a provision added to the proposed Trans-Pacific Partnership trade deal (TPP) after executives of big banks pressed the nation’s chief trade negotiator, himself a former big-bank executive, to include it. [Kathy Kiely| June 1, 2016 |Moyers & Company]…
The Trans-Pacific Partnership, the huge new 12-country trade deal, raises the question: How low would we go to get the next NAFTA-style deal? [Stan Sorscher| June 7, 2016 |Huffington Post] The basic idea of a trade deal is that we will lower our tariffs, you will lower your tariffs, and trade goes up. That…
Sen. Debbie Stabenow (D-MI) this week made clear that it is more important to her to ensure the Trans-Pacific Partnership will deliver benefits to the U.S. middle class and improve U.S. wages than to pass it this year as negotiated because it is a priority for President Obama. [Inside U.S. Trade| June 3, 2016…
“It doesn’t mean the death of TTIP,” stressed European Commissioner Cecilia Malmstrom when pushed by reporters on whether or not the Trans-Atlantic Trade and Investment Partnership would be completed by the end of 2016. [Raheem Kassam| June 2, 2016 |Breitbart] The deal, pushed hard by the likes of Barack Obama, Jean-Claude Juncker, David Cameron, and Hillary Clinton is looking…
June 3, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] Washington ~ The federal government announced that the US trade deficit worsened yet again in April 2016. Policy makers who block efforts to fix currency manipulation and other trade cheating continue to cause poor US trade performance, job losses and manufacturing shrinkage. Here are the relevant…
The Canadian dairy industry, in an ongoing fight against what it sees as a glut of U.S. imports of ultrafiltered milk, has instituted a temporary program that allows Canadian cheese manufacturers to buy domestic ingredients at world market prices, as opposed to the usually higher price controlled by its national supply management system. [Inside U.S.…
Donald Trump might have found one way he thinks the United States has outfoxed China and Japan when it comes to trade deals: the value of the products exchanged between the economies. [Joel Gehrke| May 29, 2016 |Washington Examiner] “I’m not angry at China and I’m not angry at Japan,” Trump said Sunday at the…
Washington legislators have re-awakened to concerns over the Defense Department’s inability to plan for and deal with what is now the final stage in the shift of American microelectronics production offshore. Congress wants the Pentagon to figure out how it is going to deal with issues associated with purchasing “trusted” electronics for military weapons and…
by Michael Stumo The latest rigged trade deal, the Trans-Pacific Partnership, will cut import taxes (tariffs) on imported goods. The recent US International Trade Commission report on the TPP (released 5/18/16) says that this will be $5.8 billion in lost tax revenue. Will this require a tax hike on US taxpayers? Or cuts in government?…
A Friday piece in Politico Magazine warns that a Hillary Clinton “fumble on trade” could give Donald Trump wins in Ohio, Wisconsin, and Michigan in a general election contest. In a piece entitled, “How Hillary Loses,” David S. Bernstein writes that the new polls showing Trump ahead of Clinton represent a “terrifying moment for Democrats.” While Bernstein says one should not read…