On May 18, 2016, the U.S. International Trade Commission (USITC) released its report, “Trans-Pacific Partnership Agreement: Likely Impact on the U.S. Economy and on Specific Industry Sectors,” relative to the agreement that President Obama signed in February with Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, and Vietnam. [Michele Nash-Hoff| May…
U.S. President Barack Obama said on Monday he was confident a Trans-Pacific Partnership (TPP) trade deal he has championed will be approved by U.S. legislators, to the benefit of the world. [Robert Birsel| May 23, 2016 |Reuters] Obama, on a Visit to Vietnam, told a news conference the TPP was a good deal for U.S.…
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…
China has moved to escalate the fight over what it claims are “unlawful” standards and methodologies the U.S. applies in countervailing duty investigations with China in violation of the Agreement on Subsidies and Countervailing Measures by failing to live up to a 2014 Appellate Body ruling, according to a May 13 consultation request. [Daily News|…
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…
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…
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…
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…
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. –…
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)…
