WASHINGTON—The U.S. trade deficit widened in October as exports resumed a steady decline, the latest sign a slumping global economy is draining foreigners’ appetite for American-made goods. [ by Josh Mitchell and Kate Davidson | December 04, 2015 | Wall Street Journal] The trade gap expanded 3.4% from the prior month to $43.9…
One of the selling points for the Trans-Pacific Partnership (TPP) agreement is that it will “increase trade.” [Reposted from the Campaign for America’s Future blog | Dave Johnson | December 3, 3015] Here’s the thing. If you close a factory in the U.S., lay off all of the workers, devastate the surrounding community, and move…
FOR IMMEDIATE RELEASE December 04, 2015 Contact: Paola Masman, Media Director 202-688-5145, [email protected] Washington ~ Today, the Bureau of Economic Analysis reported the US goods exports have fallen to a four year low. The year-to-date trade deficit has widened 5.3% over last year. Why? We have more multi-lateral and bi-lateral trade agreements than ever before in US…
A bipartisan group of 40 members of the House Steel Caucus this week told the House Ways & Means Committee leadership that they reject as weakening of current law the demand by Customs and Border Protection (CBP) to be able to opt out of new procedures for handling trade remedy duty evasion investigations under…
One of the biggest myths one hears about free trade is that it has “lifted millions out of poverty.” This thoughtless piece of happy-talk is a favorite boast of Thomas Friedman (author, The Lexus and the Olive Tree) types and those who never woke up from the late-1990s dream of uncontrolled globalization. [Reposted from the…
BRUSSELS — The European Union authorities on Thursday opened a formal investigation into whether Luxembourg granted McDonald’s overly generous tax breaks. [ by James Kanter | December 03, 2015 | The New York Times ] The move is the latest sign that Margrethe Vestager, the bloc’s competition commissioner, is determined to widen a crackdown on corporate…
Earlier this month, President Obama announced that his administration had decided against the Keystone XL pipeline that the TransCanada Corp. proposed to build between Canada and the United States. He did so explicitly citing environmental concerns, notably the need for the U.S. to be “a global leader when it comes to taking serious action…
I had the pleasure of witnessing the dreams of entrepreneurs come true when I attended the Vogt Invention and Innovation Awards Demo Day in Louisville, Kentucky on November 17thand watched Inscope Medical Solutions LLC, a Louisville-based startup, win $100,000 in grant funding. [Reposted from savingusmanufacturing.com | Michele Nash-Hoff | December 2, 2015] Inscope Medical has…
Business group runs ads deploring lack of currency provisions in trade deal Contact Kevin L. Kearns: 202-957-9994 (cell); 202-266-3980 (office) Washington, DC. November 30, 2015. The U.S. Business and Industry Council (USBIC) announced today the start of a media campaign to highlight the lack of enforceable currency provisions in the Trans-Pacific Partnership (TPP). The…
Forty members of the House Steel Caucus are urging House Ways and Means Committee Chairman Kevin Brady and the panel’s top Democrat, Rep. Sandy Levin, to push for final passage of the customs bill as soon as possible. The lawmakers, who wrote Brady and Levin in late November, are particularly interested in provisions…
