As we lay out the social and economic model that provides the foundation for our analysis of agricultural policy in its myriad forms, we begin by looking at the economic characteristics of agriculture, particularly the areas where agriculture does not operate in the same ways as other businesses and industries with which most people are…
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White House Press Secretary Josh Earnest on Monday (Feb. 8) said that although the Transatlantic Trade and Investment Partnership (TTIP) is a priority for the Obama administration, he does not envision the deal wrapping up while President Obama is in office. [Daily News| February, 09 2016 | Inside US Trade] “I do not believe that…
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American call-center jobs may be one casualty of a pending Pacific trade deal that would allow U.S. federal contract work to be shifted to Malaysia, Vietnam and Brunei. [Kathleen Miller| February, 08 2016 | Bloomberg] Opponents of the 12-nation Trans-Pacific Partnership are seizing on the provision as an example of how the pact may help…
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We in agriculture talk about free trade agreements as if they are the international equivalent of a free lunch. All we need is a trade deal, we preach, and a full belly — easy profit — is an almost certainty. [Alan Guebert| February, 06 2016 | Journal Star] This lovely belief, of course, overlooks…
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Democratic presidential candidate Hillary Clinton during a televised debate on Thursday (Feb. 4) hinted that, if elected, she would seek changes to the Trans-Pacific Partnership (TPP). She did so by reiterating that she does not support the deal in its current form and noting that, as secretary of state under President Obama, she helped renegotiate…
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The American Apparel and Footwear Association (AAFA) this week publicly announced its support for the Trans-Pacific Partnership (TPP), but the group is seeking clarifications from the administration on several aspects of the associated U.S.-Vietnam labor consistency plan before the agreement comes to a vote in Congress. [Daily News| February, 07 2016 | Inside US…
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Smashes previous record mark set in 2014. [Kevin L. Kearns| February, 05 2016 | Trading Away Jobs] U.S. Commerce Department data released today show the U.S. trade deficit with China soared to $365.7 billion in 2015, a massive jump up from the previous year’s record of $343 billion. Said U.S. Business and Industry Council (USBIC)…
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EPI summary fact: The sharp decline in the petroleum trade deficit masked a large increase in the non-oil goods trade deficit, which could result in substantial U.S. job losses in the future. Rob Scott | Economic Policy Institute | February 5, 2016 The U.S. Census Bureau reported that the annual U.S. trade deficit in goods…
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WASHINGTON — Sen. Rob Portman announced Thursday he will oppose a sweeping trade agreement negotiated by the Obama administration and 11 other countries, mostly in the Asia-Pacific region. [Deirdre Sheesgreen| February, 04 2016 | Cincinnat!] It’s a surprise move from the Ohio Republican, who served as the chief trade negotiator for President George W. Bush and…
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A quick report from Ernest Preeg of MAPI: U.S. exports of manufactures in 2015 were down $40 billion, or 3%, imports were up $49 billion, or 3%, and the trade deficit surged $89 billion, or 16%. This equates to a trade-related loss of 620,000 American manufacturing jobs, up from a 400,000 job loss in…
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