High wages are not behind the decline in U.S. manufacturing competitiveness, according to Exchange rate policies, not high wages, are why U.S. lags China and Germany in export performance, a new EPI report released today. Instead, currency manipulation and unfair trade practices are to blame for the loss of 5.4 million U.S. manufacturing jobs between…
The U.S. Business and Industry Council (USBIC) has launched a media campaign intended to drive awareness of the lack of enforceable currency provisions in the Trans-Pacific Partnership (TPP). [Reposted from Campaign For America’s Future | Dave Johnson | December 1st, 2015] USBIC represents domestic manufacturers and has an excellent Trading Away Jobs website. The group’s print ads…
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…
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,…
Like this post? Come join CPA’s end of year Facebook event, invite your friends, and help promote this important information! By closing loopholes in the Buy American Act, the 21st Century Buy American Act will increase demand for U.S. manufactured goods and create at least 60,000 to 100,000 U.S. jobs. The Buy American Act requires…
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…
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)…
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…
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…
