New Zealand Telling US Congress What to Do

One aspect of the trade and global governance deals is that other countries, and global courts, tell the US what we can and cannot do. The New Zealand trade minister has now “ramped up the pressure on the U.S. Congress to pass a [fast track] Trade Promotion Authority (TPA) bill, saying the Trans-Pacific Partnership (TPP)…

Goods Exports Decreased in 4th Quarter 2014

  The Bureau of Economic Analysis released its 4th Quarter Report on international transactions. Here is an excerpt showing how goods exports decreased and the trade deficit worsened. Goods and services       The deficit on goods and services increased to $127.0 billion in the fourth quarter from$123.9 billion in the third quarter.       Goods  The…

Commerce Dept and Boeing Lie Jointly

Boeing’s CEO joined Commerce Secretary Penny Pritzker in a frenzy of negligent economics continuing the export-only lie that the Administration relies upon to justify continued 1900’s trade deals that appease foreign mercantilism and encourage domestic de-industrialization. Boeing grew from government contracts and significant government help in pushing domestic and oversees military and civilian aircraft sales.…

Paul Krugman: TPP at the NABE

I was in DC yesterday, giving a talk to the National Association of Business Economists. The subject was the Trans-Pacific Partnership; slides for my talk are here. [Reposted from The New York Times  |  Paul Krugman  |  March 11, 2015] Email Share Tweet Save More This story is included with an NYT Opinion subscription.Learn more…

Shifting Superpower Country Status

Will China be the next global superpower? Is the US just okay with that? News reports say that Germany, Great Britain, France and Italy are joining the China-led Asian Infrastructure Investment Bank, which is a rival to the US-led World Bank in DC. It caused me to remember CPA Senior Economist Greg Autry’s presentation in…

More than 100 legal scholars call on Congress, administration to protect democracy and sovereignty in U.S. trade deals

More than 100 law professors have signed a letter to congressional leaders and the U.S. Trade Representative urging them to “protect the rule of law and the nation’s sovereignty” as trade agreements are negotiated.  Specifically, the professors oppose the inclusion of Investor-State Dispute Settlement (ISDS) provisions in these agreements.  The letter was released by Alliance for…

Testimony of Patrick A. Mulloy: “Across the Pond: U.S. Opportunities and Challenges in the Asia Pacific”

Testimony of Patrick A. Mulloy, Trade Lawyer, Before the House Committee on Foreign Affairs Subcommittee on Asia and the PacificHearing Entitled“Across the Pond:  U.S. Opportunities and Challenges in the Asia Pacific”February 26, 2015 Chairman Salmon, Ranking Member Sherman, and Members of the Subcommittee, thank you for providing me with this opportunity to speak to you…