TRADE agreements are fundamental to both expanding exports and global economic development and are critical to the long-term profitability of U.S. agriculture, according to representatives of agricultural groups who testified at the Nov. 17 International Trade Commission (ITC) hearing examining the economic impacts of trade agreements. [by Jacqui Fatka | November 24, 2015 |…
International Monetary Fund Managing Director Christine Lagarde and some two dozen officials on the fund’s executive board will gather Monday at headquarters in Washington for one of the most-anticipated decisions outside of actually approving loans for nations in crisis. [Reposted from Bloomberg News | Andrew Mayeda | November 29th, 2015] The question inside the 12th-floor,…
Vietnam is already snubbing the unenforceable labor provisions in the Trans-Pacific Partnership (TPP). [Reposted from Campaign for America’s Future blog | Dave Johnson | November 25, 2015] Vietnam is already snubbing the unenforceable labor provisions in the Trans-Pacific Partnership (TPP). Voice of America reports, in “Vietnam Beating Case Highlights TPP Labor Rights Issue“: A…
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On November 5, the White House released the text of the 5,544 page Trans Pacific Partnership (TPP) that President Obama had just finished negotiating under the FastTrack authority that Congress gave him. That trade pact can no longer be amended. The up-or-down votes in the House and Senate will take place as early as January…
GOP presidential candidate Sen. Ted Cruz (R-TX) said that he would vote against the Trans-Pacific Partnership (TPP) trade deal between the United States and 11 other countries on Friday while campaigning in Iowa. [ by Alex Swoyer | November 21, 2015 | Breitbart ] According to the Des Moines Register, Cruz said he is…
In the United States, the domestic steel industry is in the midst of a major crisis as they try to deal with waves of imports that seem to flow directly (i.e., imports from China) and indirectly (i.e., from other countries facing import challenges from China in their home markets and hence expanding their exports)…
Century Aluminum, owner of the Mount Holly smelter in Goose Creek, has joined other U.S. aluminum producers and industry advocates in lobbying the federal government to put a stop to what it terms as unfair competition from cheap Chinese imports. “We need immediate help,” Michael Bless, Century’s CEO, said during a China Trade Task Force…
The Obama Administration continues its misguided focus on poorly negotiated trade deals, like the Trans-Pacific Partnership (TPP), while ignoring market distorting factors that are harming U.S. economic growth. [Reposted from OpedNews | Michael Stumo| November 20, 2015] Magnetization, an iron ore producer in Minnesota, announced that it will layoff workers. Cliffs Natural Resources, another Minnesota iron ore…
Senate Finance Committee Chairman Orrin Hatch (R-UT) on Friday (Nov. 6) expressed doubt that Congress will take up legislation to implement the Trans-Pacific Partnership (TPP) during the Obama administration and argued that a future Republican administration would negotiate a better deal on intellectual property protections for drugs. Inside U.S. Trade | November 23, 2015…
