The Trans Pacific trade pact promises us cheaper food with sketchier ingredients. American farmers will face upheaval and more dislocation, while corporate agriculture thrives. If China assembles my Apple iPhone with its global mixture of ingredients, shouldn’t Asians at least eat Washington apples? Maybe not while China produces nine times as many apples as…
WASHINGTON — United States exports were hurt by an ailing global economy in August and imports from China surged, propelling the largest expansion of America’s trade deficit in five months. [ Reuters | October 6, 2015 | The New York Times ] The data released on Tuesday by the Commerce Department illustrate the American…
Hillary Clinton gave a big boost to opponents of the Trans-Pacific Partnership when, in an interview on the PBS NewsHour Wednesday, she voiced her opposition to the just-completed “trade” treaty. [by Dave Johnson | October 8, 2015 | Campaign for America’s Future] Clinton joins fellow Democratic presidential candidates Bernie Sanders and Martin O’Malley, all…
The contract disputes between steel companies such as Allegheny Technologies Inc. Flat-Rolled Products and their union employees involve a third, silent party. [Reposted from TribLive | Tom Yerace | October 11, 2015] That would be foreign competition, particularly from China, whose manufacturers have been flooding the markets for years with steel, including stainless grades such…
FOR IMMEDIATE RELEASE October 5, 2015 Contact: Sara Haimowitz, Development Director 202 688 5145, [email protected] CPA Opposes TPP as Harming US Trade, Jobs and Economic Growth The Coalition for a Prosperous America (CPA) opposes the Trans-Pacific Partnership (TPP) agreement because it will harm American job creation, agricultural and goods production and our economic prosperity. “US…
WAYNE, N.J. — When Congress designed temporary work visa programs, the idea was to bring in foreigners with specialized, hard-to-find skills who would help American companies grow, creating jobs to expand the economy. Now, though, some companies are bringing in workers on those visas to help move jobs out of the country. [Reposted from The…
According to U.S. Trade Representative Michael Froman, the Trans-Pacific Partnership (TPP) has a big benefit: With a signed TPP, American-made goods will finally enjoy tariff-free access to consumers in countries like Vietnam, Malaysia, and Singapore. However, some tariffs will not be dropped immediately, but instead will be phased out over a number of years. [Reposted…
Even before the ink is dry on the Trans-Pacific Partnership trade deal, companies are laying out plans to expand in Vietnam and Malaysia, both rapidly developing Asian nations whose growth depends heavily on external trade. [ by Jake Maxwell Watts, Kathy Chu and Celine Fernandez | October 7, 2015 | Wall Street Journal ]…
Industry Week has a great scholarly article showing how the decline of manufacturing through relentless offshoring and trade agreements has caused US income inequality to rise to 3rd World levels. It is a long article, but well worth the read. It shows how the rise of manufacturing in the Post World War II era, with…
FOR IMMEDIATE RELEASE AT 8:30 A.M. EDT, Tuesday, October 6, 2015 U.S. Census Bureau U.S. Bureau of Economic Analysis U.S. Department of Commerce * Washington, DC 20230 U.S. INTERNATIONAL TRADE IN GOODS AND SERVICES AUGUST 2015 The U.S. Census Bureau and the U.S. Bureau of Economic Analysis, through the Department of Commerce, announced…