According to U.S. Trade Representative Michael Froman, the Trans-Pacific Partnership (TPP) has a big benefit: With a signed TPP, American-made goods will finally enjoy tariff-free access to consumers in countries like Vietnam, Malaysia, and Singapore. However, some tariffs will not be dropped immediately, but instead will be phased out over a number of years. [Reposted…
Even before the ink is dry on the Trans-Pacific Partnership trade deal, companies are laying out plans to expand in Vietnam and Malaysia, both rapidly developing Asian nations whose growth depends heavily on external trade. [ by Jake Maxwell Watts, Kathy Chu and Celine Fernandez | October 7, 2015 | Wall Street Journal ]…
Industry Week has a great scholarly article showing how the decline of manufacturing through relentless offshoring and trade agreements has caused US income inequality to rise to 3rd World levels. It is a long article, but well worth the read. It shows how the rise of manufacturing in the Post World War II era, with…
FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, Tuesday, October 6, 2015 U.S. Census Bureau U.S. Bureau of Economic Analysis U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES AUGUST 2015 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced…
Under the Trans-Pacific Partnership deal, cars would be allowed into Canada without tariffs as long as they have 45 per cent content from the TPP, lower than the 62.5 per cent threshold under NAFTA. OTTAWA—Conservative Leader Stephen Harper promised long-term funding to help the auto industry adjust to the newly-signed Pacific Rim trade deal and…
For Immediate Release Contact: John Hansen 402-476-8815 October 5, 2015 Nebraska Farmers Union Strongly Opposes Proposed Flawed TPP Over Failure to Address Currency Manipulation Lincoln, NE: John Hansen, President of Nebraska Farmers Union, a former USTR trade advisor for 14 years under Presidents Clinton, George W. Bush, and Obama issued the following statement on behalf…
Trade ministers from the 12 countries participating in the Trans-Pacific Partnership (TPP) trade negotiations concluded talks on October 5, 2015. Negotiations are done but there is much left to do before this mega-regional trade accord is ratified and implemented [Reposted from the Peterson Institute site | Jeffrey Schott | October 6, 2015] If Congress and…
President Obama promised new markets for American beef, bacon and auto parts as he kicked off the sales campaign Tuesday for his new Pacific Rim trade deal, pledging to keep at it until he wins support from across the political spectrum. [Reposted from the LA Times | Michael Memoli and Christi Parsons | October 6,…
TPP is another FTA that will only add to our $12Trillion accumulated trade deficit (since1990). Free Trade is a good idea that has no application in today’s world of Trade Mercantilism. [Reposted from the blog of Dan DiMicco | Dan DiMicco | October 7, 2015] Only fools follow such thinking or those who benefit from…
So a deal between the signatory nations has finally been reached for the Trans-Pacific Partnership. (Personally, I’ve been fighting this for a long time.) [Reposted from the Huffington Post | Ian Fletcher | October 5, 2015] This is firmly on Obama’s plate. Given his status as a liberal president, the public’s ever-growing disapproval of free-trade…
