U.S. Rep. Richard Neal anticipates playing an “important role” in Congress opposing theTrans-Pacific Partnership trade deal, should it come to a vote before the end of the year. [Shira Schoenberg| August 8, 2016 |MassLive] The free trade deal between the U.S. and Pacific Rim nations is a major potential legacy of President Barack Obama, a Democrat. But both…
[Dan Lipinski| August 9, 2016 |Chicago Tribune] President Barack Obama has told Americans that the Trans-Pacific Partnership would grow American jobs as trade barriers are removed and exports to foreign countries increase. The same promises were made with past trade deals, but those deals wound up hurting America’s middle class. And unfortunately, a close reading…
FOR IMMEDIATE RELEASE August 9, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected] Government Report: June Trade Deficit Jumps 8.5% Despite Trade Deals Washington~ The US trade deficit in June grew by 8.5% according to a government report released on August 4th. Now at its 10-month high, the trade deficit reached a whopping $44.5 billion.…
President Obama’s renewed pitch for the Trans-Pacific Partnership (TPP) on Tuesday ran into blunt reality when six House Republicans urged him not to send the trade accord to Congress for a vote this year. [David Nakamura| August 2, 2016 |Washington Post] The request, made in a letter to the White House, represents another potentially serious blow to the…
In an election defined by Donald Trump’s ethnocentrism, there’s at least one thing that both his and Hillary Clinton’s campaigns agree on: They want to unravel the Trans-Pacific Partnership, the largest regional trade pact meant to tie closer together the United States, Japan, and 10 other nations around the Pacific Rim. Over the protests of…
The U.S trade deficit has gone up again and it seems everyone is turning a blind eye toward it — except Republican nominee Donald Trump. [PoliZette Staff| August 5, 2016 |Lifezette] The deficit suffered an 8.7 percent jump in June and has officially reached a 10-month high of $44.5 billion, according to MarketWatch. This jump…
Peru’s lingering compliance issues with labor provisions in its bilateral free trade agreement with the United States would have no effect on the implementation of the Trans-Pacific Partnership, which has similar labor provisions. However, it could create political headaches for the Obama administration as it pursues a lame-duck vote on the TPP deal, sources told Inside…
For his reshoring initiative, Rongione paid to move unique knitting equipment from China to Pennsylvania in part by using a YouTube video of Jackson to appeal to investors on Kickstarter, the crowdsourcing website. [William Holstein| August 2, 2016 |Chief Executive] Bollman, which says it is America’s oldest hat company, with more than $10 million in…
In its nomination of Donald Trump, the electorate has delivered a powerful, historic message for policy change to the Republican Party’s leadership. Out of 17 candidates, Trump emerged with the most votes of any GOP nominee ever – 14 million. His political rise has shattered old party orthodoxies on Free Trade, hawkish foreign policy, open…
Dan Alpert is founding managing director of Westwood Capital, LLC. He is also the newest member of CPA’s Advisory Board. [Dan Alpert| August 5, 2016] After decades of establishment politicians and mainstream economists extolling the virtues of global trade, free trade policy is taking a wallop. In the U.S., populist candidates of both parties, Bernie…
