The Coalition for a Prosperous America (CPA) was surprised to see the introduction of a Senate Fast Track trade authority bill (see PDF bill) that ignores trade deficits and continues to enable modern foreign mercantilism. “CPA is disappointed that the Senate Finance Committee has failed and refused to set a new and positive American trade…
Details
By Michael Stumo: The minority staff of the House Ways and Means released a side by side comparison (see PDF) of this week’s Fast Track bill with the bill from January 2014. Basically it is more of the same. Will they never learn? From CPA’s perspective, the new bill is a failure. No balanced trade. …
Details
Saturday April 18, 2pm – 4pm, Machinist Union Hall, 5150 Kearny Mesa Rd., San Diego, California 92111 Michele Nash-Hoff, CPA CA Chair, will be speaking at this event on Fast Track and the TPP, part of the Week of Action against Fast Track.
Details
News Release: COMMITTEE ON WAYS AND MEANS Sander M. Levin (D-MI) TPA Bill is a Major Step Backwards on TPP Negotiations WASHINGTON – Ways and Means Committee Ranking Member Sander Levin (D-MI) today responded to the House-Senate introduction of TPA legislation by releasing a document detailing how the bill falls short. It can be found…
Details
In his 2010 State of the Union Address, President Obama promised to double exports over five years to “support” 2 million jobs in America. A year later he claimed the new U.S.-Korea Free Trade Agreement would “support” 70,000 jobs at home. And today, his Commerce Department boasts that U.S. exports “support” 11.3 million jobs.…
Details
An aggressive effort by the administration to win support for President Obama’s trade agenda appears to be stuck [Reposted from The Hill | Vicki Needham | April 14, 2015] As few as 15 House Democrats might vote to give the president fast-track authority, according to dozens of Democratic lawmakers, business group representatives and activists on…
Details
Although China is often characterized by observers as the chief villain in currency manipulation, the latest U.S. government report reserves its sharpest criticism for South Korea. While the U.S. refrained on Wednesday from labeling any major trading partner a currency manipulator, the Treasury Department said it “has intensified its engagement with [South] Korea on…
Details
SINGAPORE — China is rapidly building coast guard ships, the vessels that China most commonly uses for patrols in the South China Sea, and in the last three years has increased the number of ships in that category 25 percent, a new report by the United States Navy says. [Reposted from The New York Times …
Details
Washington, D.C. – The U.S. Department of Treasury released its semi-annual Report to Congress on International Economic and Exchange Rate Policies on Thursday. This was the 13th opportunity under the Obama administration for Treasury to name China a currency manipulator – an opportunity it passed on by not citing China or Japan for currency manipulation. [Reposted from…
Details
An article recently appeared in the Lincoln Journal Star about USTR Michael Froman’s trip to Nebraska to promote the Trans Pacific Partnership and the TPP. The article was full of statements supporting the TPP. Froman said the agreements will benefit Nebraska by opening markets for export goods, including soybeans, corn, beef, pork and machinery. Expanded…
Details