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,…
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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…
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…
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…
The Donald Trump-led Republican presidential field has attracted outsize attention for eccentricity. With less notice, it is also pointing America to a very different tax system. [ by John Harwood | November 20, 2015 | New York Times ] That’s not because specific tax proposals that various Republican candidates have advanced will become law…
The U.S. global trade deficit in manufactures soared by 16%, or $24 billion, in the third quarter compared with 2014, following the 19% growth in the first half of 2015. This resulted in a trade-related loss of about 150,000 American manufacturing jobs in the third quarter, headed toward more than 600,000 for the calendar year.…
