Both Hillary Clinton and Bernie Sanders are running against free trade, to judge by their stump rhetoric. But it’s fairly clear that Sanders, unlike Clinton, is sincere in his opposition. Unlike her, he has a consistent record of opposing free trade, not a long series of zig-zags for political expediency. He would probably oppose free trade for real if…
If spying is the world’s second oldest profession, the government of China has given it a new, modern-day twist, enlisting an army of spies not to steal military secrets but the trade secrets and intellectual property of American companies. It’s being called “the great brain robbery of America.” The following is a script from “The…
I will be testifying on your behalf regarding the Trans-Pacific Partnership today before the US International Trade Commission. The USITC is mandated to perform an economic analysis of TPP effects. CPA’s oral testimony is below. Our more detailed written testimony is here. Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry…
Hillary Clinton recently asserted that Americans fare better economically under Democratic administrations than Republican ones. Campaign claims are always suspect. In this case, a lot depends on the definition of “better.” Beyond that, there is the issue of the economic conditions and programs that are passed on to future administrations, such as the gathering recession…
Senior members of the Senate Republican leadership said Tuesday (Jan. 12) they believe the Senate can act soon to pass the pending compromise customs bill approved in the House last December, even as a top Senate Democrat threatened to try and derail the legislation. [Daily News| January, 13 2016 | Inside US Trade ] Sen. John…
China’s steel exports rose by a fifth in 2015 to an amount big enough to feed demand in Germany and Japan for a year and leave almost 9 million metric tons to spare. [Bloomberg News| January, 13 2016 | MineWeb ] Outbound shipments of the material used in everything from buildings to ships surged almost 20%…
WASHINGTON (January 13, 2016) – Like numerous trade deals that came before it, the Trans-Pacific Partnership (TPP) will fail to deliver promised job, economic and trade growth, according to the nation’s second biggest agricultural organization. [National Farmers Union| January, 8 2016 |NFU.Org] National Farmers Union (NFU) President Roger Johnson testified before the U.S. International Trade…
Currency manipulation distorts trade flows by artificially lowering the cost of U.S. imports and raising the cost of U.S. exports, and is the leading cause of stubbornly high U.S. trade deficits over the past 15 years. More than 20 countries, led by China, have, together, been spending about $1 trillion per year buying foreign assets…
The Trans-Pacific Partnership (TPP) now awaiting ratification in the U.S. Congress may result in job losses and rising inequality, weakening rather than strengthening economic growth in the United States, according to a new GDAE Working Paper by GDAE Research Fellow Jeronim Capaldo, Alex Izurieta, and Jomo Kwame Sundaram. The authors also project employment losses and negligible…
President Barack Obama, Donald Trump, and Sen. Rand Paul don’t agree on much. [William Maulding| January, 12 2016 | Wall Street Journal] So it’s not a surprise that each is espousing totally different views on how a big Pacific trading agreement will affect China, which is not a member of the trade bloc. And as it turns out, each can…
