Former President Bill Clinton raked in millions of dollars from special interest groups in the weeks just before and after his wife announced her presidential campaign, including $325,000 from a group that pushed for the Trans-Pacific Partnership. [Sarah Westwood| May 18, 2016 |Washington Examiner] Hillary Clinton came out against the trade deal in October under pressure from…
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by Michael Stumo Japan’s stealth manipulation of the yen is proving successful. Last week, Japan’s finance minister told their Parliament that the government would intervene in currency markets if they yen strengthened. So… this week the yen declined from 109 yen vs dollar to 110. Why? Banks, governments and private firms trading in foreign…
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Yesterday, the U.S. International Trade Commission (ITC) released a long-awaited report on the projected economic impacts of the TPP agreement. The report is remarkable for its frank estimates of the costs of the agreement, and the minimal benefits it identifies. Overall, the ITC projects that by 2027, the TPP will increase U.S. exports to the world by…
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For Immediate Release: May 18, 2016Contact: Tillie McInnis, (202) 293-5380 x117 Key Findings of the USITC Analysis of the Trans-Pacific Partnership Agreement Washington, D.C. — CEPR’s Dean Baker issued the following statement on the latest USITC Report and the TPP: “The United States International Trade Commission (USITC) report on the Trans-Pacific Partnership (TPP) was far closer in its…
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The US International Trade Commission report shows that the best the US cattle industry can hope for from TPP is that in 15 years we will market barely over one day’s kill in additional cattle given that the U.S. is presently slaughtering approximately 120,000 cattle per day in U.S. slaughtering plants. [May 18, 2016 |R-CALF USA] Billings, Mont. –…
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May 18, 2016 Contact: Andrew Jerome, 202-314-3106[email protected] WASHINGTON (May 18, 2016) – The U.S. International Trade Commission (USITC) today released their economic assessment of the widely contested Trans-Pacific Partnership (TPP) trade agreement, predicting modest gains for the overall economy despite an increase in the United States’ already massive trade deficit. National Farmers Union (NFU) is…
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ITC report finds little benefit to U.S. Economy from TPP The U.S. International Trade Commission has released a report on the potential economic impacts of the Trans-Pacific Partnership (TPP.) And while the topline findings of the report suggest some minimal benefits, a thorough reading of the document reveals the trade deal’s job-killing implications. ‘Trans-Pacific Partnership Agreement: Likely Impact…
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by Michael Stumo A trade reporter contacted me last week for comments about an article. In my response, I stated that our trade policy is causing us to have the economic profile of a third world country. The reporter asked why I said that. The email I sent in answer to that question is below.…
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As a result of my writing and speaking about returning manufacturing to America through reshoring, I recently received information from the International Economic Development Council (IEDC) inviting me to educate my audience on the findings of their research and the tools and resources available when manufacturers are considering reshoring. The IEDC is a non-profit membership organization…
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FOR IMMEDIATE RELEASE Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] The following statement may be attributed to Michael Stumo, CEO of the Coalition for a Prosperous America. ——– CPA appreciates the hard work of the US International Trade Commission (USITC) Commissioners and staff that created their recent report: “Trans-Pacific Partnership Agreement: Likely Impact…
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