Rep Sander Levin, as Ranking Member on Ways/Means, is holding a hearing tomorrow to focus upon TPP and currency. The hearing is entitled: ‘Trading Views’ TPP Hearing on Currency Manipulation. Levin’s staff has prepared an authoritative memo on how the TPP side agreement on currency is not worth the paper it is written on.…
It’s now harder to find out where your beef or pork was born, raised and slaughtered. [by Mary Clare Jalonick| January 3, 2016 |ABC News] After more than a decade of wrangling, Congress repealed a labeling law last month that required retailers to include the animal’s country of origin on packages of red meat. It’s…
Stumo note: The Census Bureau BEA reported today that US exports continued their decline in November. The trade deficit widened over November 2014. Imports were down as well, causing the trade deficit to actually improve a bit over October. Low energy prices were a big part of the reduced import number. See the full report…
Last year, the Guardian shed light on an uncomfortable — and unfortunate — truth about much of the shrimp sold in North America, Europe, Japan and elsewhere around the world. A six-month-long investigation revealed that torture, wage-theft, beatings and various other illegal practices were a reality in the production chain of the world’s largest supplier. [by Roberto A. Ferdman| December…
Last spring, President Barack Obama got downright crabby about people criticizing the mammoth Trans-Pacific Partnership he’s trying to sell to Congress and the public. [by Jim Hightower| December 29, 2015 |Other Words] More and more Americans are learning that the TPP would undermine America’s very sovereignty, giving multinational corporations direct access to secretive tribunals that…
In early October 2015, negotiators for the Trans-Pacific Partnership (TPP) reached an agreement that they submitted to their respective governments for approval. The countries involved in addition to the US are Canada, Mexico, Japan, Australia, Brunei, Chile, New Zealand, Singapore, Malaysia, Peru, and Vietnam. The Office of the United States Trade Representative explains that the…
The U.S. Chamber of Commerce and the National Association of Manufacturers (NAM) have delayed taking a formal position on the Trans-Pacific Partnership (TPP) due to continuing objections from member companies over the agreement’s provisions on biologic drugs, financial services and tobacco, according to informed sources. December 24, 2015 | Inside U.S. Trade These companies are…
In mid-November, I had the pleasure of touring manufacturing plants in the Louisville, Kentucky region as the guest of the marketing consortium of the Greater Louisville Inc. Initiative. Well-known as the home of the Louisville Slugger baseball bat and the start of the “Bourbon Road” tours of bourbon and rye whiskey distilleries, Louisville has a…
It didn’t take long for the United States to lose almost 90 percent of its jobs making clothes. In 1990, there were 938,000 Americans manufacturing apparel, but their jobs started to be outsourced in earnest after NAFTA was signed in 1994, then more precipitously after China joined the World Trade Organization in 2001, followed…
FOR IMMEDIATE RELEASE December 23, 2015 Contact: Paola Masman, Media Director 202-688-5145, [email protected] Washington~ Yesterday, the Bureau of Economic Analysis (BEA) reported that the third quarter growth rate (at 2% annualized) was significantly slower than second quarter growth rate (3.9% annualized) in large part because of the trade deficit. According to the report: “The deceleration in real…