White House ignores Kaine’s shift on TPP

President Obama’s top spokesman said Obama supports Hillary Clinton’s decision to pick Sen. Tim Kaine as her running mate, despite his recent about-face on one of Obama’s legacy priorities — ratification of the Trans-Pacific Partnership. [Nicole Duran| July 25, 2016 |Washington Examiner]  “I’ll let Sen. Kaine discusses his position on the Trans-Pacific Partnership,” press secretary…

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TRUMP’S NEW WORLD ORDER

Donald Trump took another step toward blowing up the TPP in his speech accepting the Republican Party nomination on Thursday, declaring the United States will no longer join big trade agreements and concentrate instead on enforcing and renegotiating existing trade pacts. [Doug Palmer| July 22, 2016 |Politico]  “No longer will we enter into these massive transactions,…

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STEEL INDUSTRY GETS A LITTLE MORE RELIEF:

The Commerce Department approved wide-ranging final duties on hundreds of millions of dollars worth of cold-rolled steel products from Brazil, India, Korea, Russia and the United Kingdom to offset unfairly low pricing and government subsidies. [Doug Palmer| July 22, 2016 |Politico]  The department late Thursday set anti-dumping duties ranging from 10 percent to 32 percent on Brazil, about 8…

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CHINA ANTI-DUMPING DECISION COMPLICATED:

China is obviously not a market economy, European Union Trade Commissioner Cecilia Malmström told reporters on Tuesday, but that does not matter for a decision countries have to make this year about how they calculate anti-dumping duties on Chinese goods. [Adam Behsudi| July 20, 2016 |Politico]  “The issue of China’s market economy status is not really…

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