"Americans are deeply suspicious of trade deals negotiated in secret, with chief executives invited into the room while the workers whose jobs are on the line are locked outside."
The promised jobs and prosperity don't come through. Instead our trade agreements have cost us and have exacerbated inequality, which is a threat to our democracy.
The next big fight in Congress will be about getting the Trans-Pacific Partnership trade deal passed. What lessons can we learn from the way the "Citibank" provisions in the budget deal were pushed through?
Bad trade has battered the American dream. And more damage is threatened by pending trade deals and a so-called fast track process to approve them without in-depth deliberation.
Between 2001 and 2013 the massive growth of our country's trade deficit with China has cost us 3.2 million U.S. jobs, 2.4 million (three-fourths) of which were in manufacturing.
NAFTA and CAFTA caused tremendous loss of farming jobs, creating massive displacement of farmers into the U.S. TPP could displace an estimated 1.2 million more workers in these countries, resulting in more migration northward.
The secret Trans-Pacific Partnership will have profound effects on our ability to make a living as a country. Yet you have to read about it in the Japan Times because few-to-no U.S. media outlets are covering it.
In 2009 the Obama took action against China for the same thing, imposing tariffs for 5 years. That action expired and China again began dumping tires here below cost.
Walmart is running commercials about how great they are for American workers. Wait … isn’t the “Walmart model” of selling cheap goods from China the reason everyone is so desperate for American-made goods?
A National Employment Law Project study out today finds that factory jobs now pay much less than they did even a few years ago. In fact, more than 600,000 manufacturing workers make just $9.60 per hour or less.
Last summer, Barack Obama and leaders of the European Union announced the start of negotiations on another trade deal. Wondering what all of these deals are about? Here’s a primer on the Obama administration’s vision for global trade.
This week, President Obama is in Asia pushing yet another job-killing, "NAFTA-style" trade agreement. The public is well aware of the damage these agreements have done to our economy and their wages.
This weekend President Obama flies to Asia for a week of meetings, in part to get the Trans-Pacific Partnership trade agreement finalized. A coalition is using the coming week to make the public aware of the dangers.
The massive U.S. trade deficit jumped 7.6 percent in September, draining another $43 billion from our economy in a single month. That's $43 billion worth of jobs and business that went elsewhere.
Trade is a huge issue for many blue-collar voters and in "rust-belt" regions that have been wiped out by the offshoring of our jobs and factories. This has given North Carolina Sen. Kay Hagan an opportunity.
The White House announced new efforts to boost advanced manufacturing in new, strategic areas. The efforts include $550 million in spending on research projects, apprenticeships and aid to manufacturers.
Suppliers in Massachusetts and across the United State will likely not be getting orders from this company — thereby reducing economic activity, jobs and tax revenue.
These "trade" deals, if passed by Congress and signed by the president, would cement a corporate right to profits above the rights of citizens. They place corporate rights above national sovereignty.
At the deportation center in San Pedro Sula, planes land with over 100 Hondurans a day, returned from our border prisons to their native land. They tell heartbreaking tales of failed attempts to join their families or find work.
New Jersey's Gov. Chris Christie rejected federal funding for rail tunnels connecting his state to New York, and residents are feeling the consequences. Chinese leaders are making a different set of choices.
The public is finally "getting it" about these one-way trade agreements. They were sold to us as "job creators," but the record is the reverse. They have cost jobs and increased the trade deficit.
Another $40 billion leaked out of our economy in August, taking jobs, factories and good living standards with it. This means U.S. employers can further threaten employees with moving their job to China.
MFG DAY addresses common misperceptions about manufacturing by giving manufacturers an opportunity to open their doors and show, in a coordinated effort, what manufacturing is – and what it isn’t.
Before Reagan working people benefited most from economic recoveries. After Reagan, the top 10% benefited more. After 2000, 90% of us continued to fall behind – when we opened "free trade" with China.
Ask people what they think of NAFTA and you'll learn that people get it. People absolutely hate "NAFTA-style" trade deals. People are voting based on this – when given the chance.
The subject: the Trans-Pacific Partnership and the Trans-Atlantic Free Trade Agreement. The big draw: Economist Jeffrey Sachs, who laid out six reasons why they shouldn't be passed by Congress.
The letter asks for a new process for reaching trade agreements in which Congress has a role in selecting trade partners and in which Congress sets up a set of negotiating objectives that must be achieved.
Thursday, bad trade numbers. Friday. bad manufacturing job numbers. A path to election victory lies in drawing the connection: Democrats should be advocating a different trade policy.
We reached a new job-sucking record with China. We continue to import much more than we export. That means a net loss of jobs and decline in living standards, month after month, year after year.
South Korea and seven other countries were found to have been selling steel piping and fittings at below-market prices in an effort to put competitors out of business. This is a big deal for the U.S.-based steel industry.
Trade is supposed to be balanced. Instead we have been running continuing trade deficits since the late 1970s. A former assistant Commerce secretary has offered a new plan for balancing trade.
A Republican Senate candidate comes out against the Trans-Pacific Partnership. Two open letters from members of Congress question it. A former WTO director-general warns about it. And there are actions you can take.
Should an iPhone made in China and sold in England be counted as a U.S.-made manufacturing export? If a proposal to change the way our trade deficit is measured sneaks through, this is exactly what will happen.
Far-right groups said that the American government securing necessary materials for American companies to manufacture is "interference with the free market." Seriously, are they funded by China?
At Netroots Nation, Rep. Dan Kildee showed he "gets it" about manufacturing. "Facts should invade a conversation [about] this 20-year experiment with unbalanced trade agreements. We need to hold Democrats' feet to the fire."
China's currency needs to rise all the way to the appropriate market level. The result will be U.S.-made goods becoming more competitive in world markets, so jobs and factories return.
Ask your local candidates for Congress if they understand what a trade deficit is, how large it is, how it affects jobs and the economy and what they intend to do about it.
Discussions between the US and China take place this week, while US companies run ads opposing democracy in Hong Kong.
Corporate Republicans want to continue the operation of the Export-Import Bank because it helps companies sell their products outside of the U.S. The “Tea Party” Republicans want to shut it down. What is going on?
We’re not seeking special deals, subsidies or handouts. We’re asking Congress to implement the trade laws to level the field of competition. If the same rules apply to everyone, U.S. industry can compete and win.