China Tells Foreign Firms: Brace for Bigger Competitors

Scouring China’s annual gathering of leaders for clues about business prospects, foreign companies got a clear message: Brace for bigger, stronger local competitors. [Bloomberg| March 15, 2016 |Industry Week] Reform of the nation’s $18 trillion state sector will focus on making companies “bigger and better” with mergers and acquisitions pivotal, said the State-Owned Assets Supervision…

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The New Truth About Free Trade

I used to believe in trade agreements. That was before the wages of most Americans stagnated and a relative few at the top captured just about all the economic gains. [Robert Reich| March 14, 2016 |Robert Reich] The old-style trade agreements of the 1960s and 1970s increased worldwide demand for products made by American workers,…

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Manufacturers form coalition against China ‘market economy’ status

MANUFACTURERS FORM COALITION AGAINST CHINA ‘MARKET ECONOMY’ STATUS: The U.S. aluminum, steel and textile industries are ramping up pressure on President Barack Obama not to declare China a “market economy” this year, a decision they say would put hundreds of thousands of U.S. manufacturing jobs at risk by weakening anti-dumping protections. [Adam Behsudi| March 16, 2016…

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Happy 4th Anniversary Korea US Trade Agreement: Thanks for Doubling our Trade Deficit

FOR IMMEDIATE RELEASE March 15, 2016 Contact: Paola Masman, Media Director 202-688-5145 ext 2, [email protected]Download PDF here Washington ~ Today America is celebrating the 4th Anniversary of the Korea-US (KORUS) Trade Agreement with a bilateral trade deficit that doubled. This single cold, hard fact shows that the current Trans-Pacific Partnership promises by the Obama Administration, which are…

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Candidates weaponize free-trade issue

  Hillary Clinton hardened her stance against the Trans-Pacific Partnership agreement Saturday in a last-ditch effort to prevent Democratic rival Bernie Sanders from riding a wave of populist anger to another victory Tuesday in a key industrial state. [Doug Palmer| March 12, 2016 |Politico] Her comments at a Youngstown, Ohio rally ratcheted up her criticism…

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