As long as there's been trade, there's been imbalanced trade, as countries invariably produce more than they consume, i.e., they're run a trade surplus, while others, like us, will do the opposite. To somehow insist on balanced trade for all would be a huge policy mistake.
Despite major differences, Donald Trump and Bernie Sanders sounded some similar notes on policy.
The prospect of a President Trump makes it even more urgent to pass the TPP in 2016, a senior White House official says.
Capitalism is also hampered by its own inherent limitations as an economic system rooted in competition. Competition creates losers for winners; the true trickle-down effect that decades of data is now beginning to validate. Competition divides -- always.
With these four new trump cards on the table, the odds against fast-track get better -- and almost certainly the next Presidential election will put the candidates of both parties to the test. Trade diplomacy's House of Cards looks ever shakier -- even if it doesn't topple in the next few months.
It is a dark secret that tobacco companies make more use of these agreements than perhaps any other industry. There have been at least thirty trade and investment cases brought on behalf of big tobacco. The TPP will spur more.
“When Orrin Hatch and Paul Ryan and Ron Wyden get on the same page with the president, you better strike while the iron is
While Facebook CEO Mark Zuckerberg wooed the crowd with his plan to provide internet access to everyone in Latin America, more traditional speakers included the CEOs of Coca-Cola, Cargill, Boeing, Associated Petroleum Investors, AES Corporation, Citigroup Latin America and Walmart Latin America.
When we have complicated trade agreements that could put thousands of U.S. workers on the unemployment line and hamper this nation's economy, shouldn't our elected officials have a chance to review and make changes to them? After all, lawmakers have certainly spent significant time considering more frivolous matters in recent years.
Brazil might well review its prevailing trade negotiation strategy where efforts have focused on the multilateral track. Bilateral trade agendas with both U.S. and EU may become a way to mitigate the negative potential impacts of TTIP and TTP.
No matter how often Washington remixes its Global War on Terror, however, the tectonic plates of Eurasian geopolitics continue to shift, and they're not going to stop just because American elites refuse to accept that their historically brief "unipolar moment" is on the wane.
Our labor market is certainly not on sound footing. Real wage and income growth has been dismal. Where will the markets of 2114 be? With 95 percent of the world's customers outside the U.S. borders, they certainly are not likely to be disproportionately in red or blue states.
Almost a year after President Barack Obama presented the initiative, negotiations over the Transatlantic Trade and Investment Partnership (TTIP) have made steady progress. But several challenges remain unaddressed while new ones loom on the horizon.
If fast-track legislation were approved by Congress, the president would be able sign the TPP and then send it to Congress for straight up-or-down vote -- with no room for amendments and limited floor debate. If that sounds backwards, it's because it is.