Michael Froman’s Parallel Universe

by Michael Stumo I listened to US Trade Representative Michael Froman discuss the Trans-Pacific Partnership yesterday on a business group conference call, after the US International Trade Commission report came out. Despite the fact that the report nullified Froman’s entire economic case for the TPP, you would never know it from his talk. Froman created…

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ITC study shows minimal benefits and downplays potentially high costs of Trans-Pacific Partnership

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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Dean Baker’s Statement on the TPP and Latest USITC Report

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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USITC Report Predicts Exceedingly Small Benefits for U.S. Beef Packers While Failing to Address Impacts to the U.S. Cattle Supply Chain

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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USITC Report Predicts Increase in Trade Deficit, Modest Gains Overall From TPP

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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Domestic Manufacturers: U.S. ITC Damns TPP Trade Deal with Faint Praise.

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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