The front line battle is Fast Track and Trans-Pacific Partnership. But ultimately, the core issue is that trade deficits matter. America cannot grow economically strong without fixing the trade deficit. We can’t fix the trade deficit until we stop Fast Track and TPP. So we must stop them. Michael Froman, Orrin Hatch, Paul Ryan and…
March 13, 2015 Unhappy Third Birthday for Korea Free Trade Agreement Drags Down Obama Push for Fast Track Trade Authority U.S. Exports Down, Imports from Korea Up and Job-Killing Trade Deficit With Korea Balloons 84 Percent on Third Anniversary of Korea Pact, Which Is TPP Templat [A press release from Public Citizen | March…
Testimony of Patrick A. Mulloy, Trade Lawyer, Before the House Committee on Foreign Affairs Subcommittee on Asia and the PacificHearing Entitled“Across the Pond: U.S. Opportunities and Challenges in the Asia Pacific”February 26, 2015 Chairman Salmon, Ranking Member Sherman, and Members of the Subcommittee, thank you for providing me with this opportunity to speak to you…
Euro devaluation is eating deeply into the profitability of CPA member manufacturers. I just got off the phone with Jack Davis, owner of I Squared R Element Company in Albany NY. I Squared R is the largest U.S. manufacturer of silicon carbide heating elements (see picture above). Because the euro has dropped 30% in value…
China produces and consumes about 60 percent of the world’s cement — the Three Gorges Dam alone required 16 million tonnes of it. To put China’s massive 21st century construction splurge and concrete consumption into perspective, Bill Gates made a mind-blowing comparison. According to his blog, between 2011 and 2013, China consumed 6.6 gigatons of…
WASHINGTON (MarketWatch) — Nobel laureate Paul Krugman came out against the Pacific Rim trade deal, calling it “fundamentally trivial“ for the U.S. trade sector. “Pushing this [trade deal] has nothing to do with the interest of a vast majority of Americans,” Krugman, the Princeton University economist and New York Times columnist, said Tuesday in a…
Larry Summers has always promoted the free-trade agreements, but not anymore. His analysis below is far better than his prior position. This article indicates how we are, as Americans, at a point where we are questioning the trade policies of the past and looking for a new direction. It is the new mainstream view, and…
Of the 46 incoming GOP freshmen House members, twenty refused to sign a letter supporting more executive authority sought by Obama for Fast Track trade authority. [Reposted from the End Global Governance blog | March 11, 2015] Freshmen Reps. Tom Emmer (R-MN-06) and Mimi Walters (R-CA-45) tried, but failed, to get most of the incoming…
It was exciting to be in Washington, D. C. last week for the annual Coalition for a Prosperous America’s legislative fly-in for the third time. I arrived on the “red eye” flight from San Diego early Tuesday morning and was at the Capitol for my team’s first appointment while Israeli Prime Minister Benjamin Netanyahu was…
Waikaloa, HAWAII — Australia’s chief negotiator for the Trans-Pacific Partnership (TPP) negotiations said ahead of an informal round kicking off here Monday (March 9) that nine out of the agreement’s 30 chapters have been closed, and that most of the other chapters are nearing conclusion. [Reposted from Inside US Trade | March 9, 2015] The…