From Brazil to Canada and Mexico to Turkey, steelmakers are unhappy with China. [Reposted from Hellenic Shipping News | June22, 2015] The producer of half the world’s steel is destabilizing the market with “massive and increasing overcapacity in an era of slowing growth,” according to a joint statement by industry associations from around the world…
Senate Majority Leader Mitch McConnell (R-Ky.) is moving forward with votes on President Obama’s trade agenda next week, even though pro-trade Democrats have yet to promise their support. [Reposted from The Hill | Alexander Bolton and Vicki Needham | June 18, 2015] McConnell on Thursday filed motions to advance fast-track authority and a separate package…
They experienced the thrill of an unexpected victory, thwarting President Barack Obama’s trade agenda in a dramatic showdown on the House floor. [Reposted from Politico | Lauren French | June 18, 2015] A week later, House Democrats appear to be on the verge of an agonizing defeat. But facing that sudden reversal of fortune, lawmakers…
A generation of economists trained to believe that trade had little to do with the long decline in high-paying U.S. factory jobs is changing its mind. [Reposted from Bloomberg | Peter Gosselin | June 18, 2015] Their findings are likely to fuel the opposition within President Barack Obama’s own Democratic Party to his proposed 12-nation…
WASHINGTON — House Minority Leader Nancy Pelosi (D-Calif.) provided a grim outlook on Thursday about the future of legislation funding a worker aid program that will be key for pushing President Barack Obama’s trade agenda over the finish line. [Reposted from the Huffington Post | Laura Barron-Lopez | June 18, 2015] The program, known as…
In an op-ed in today’s Wall Street Journal, Senator Rand Paul announced his tax plan. While Herman Cain had his 9-9-9 plan, you can think of Mr. Paul’s approach as the 14.5-14.5 plan: He would replace all of today’s federal taxes with a 14.5 percent flat personal income tax and a 14.5 percent value-added tax.…
R-CALF United Stockgrowers of America–“Fighting for the U.S.Cattle Producer” For Immediate Release June 18, 2015 Billings, Mont. – On Tuesday, the United States Trade Representative (USTR) formally triggered an arbitration process with Canada regarding country of origin labeling (COOL) at the World Trade Organization (WTO). The purpose of the arbitration process is to determine the…
President Obama repeats a mantra on the Trans-Pacific Partnership (TPP) trade agreement: “If we don’t write the rules, China will write the rules in that region….” But two recent revelations of major Chinese misbehavior — another massive cyber hack, this time of the Office of Personnel Management database, and the build-out of South China…
WASHINGTON – Ways and Means Committee Ranking Member Sander Levin (D-MI) today delivered the following remarks on the House floor in opposition to TPA, the “fast-track” trade bill: [Reposted from the Ways and Means site | Sander Levin | June 18, 2015] It is said that we should write the rules, not China. But make…
FOR IMMEDIATE RELEASE June 18, 2015 Contact: Sara Haimowitz, [email protected] The Coalition for a Prosperous America CEO, Michael Stumo, today issued a statement regarding the close House vote in favor of Fast Track trade authority for President Obama. “Pro-trade deficit legislators achieved a close house vote for ‘Fast Track’ trade authority today. Because the…
