Ford Motor said this week that it will close operations in Japan and Indonesia because it sees "no reasonable path to profitability." Last year GM pulled out of Indonesia. This is in spite of the coming Trans-Pacific Partnership.
It's been out of the news, but there's always the risk that Wall Street will find a way to force the Trans-Pacific Partnership back to the fore. Contact Congress and ask your representative to come out publicly against the TPP.
Will the President provide a positive, progressive message for the future in his last State of the Union address, or will he continue to push the wildly unpopular, corporate/Wall Street-written Trans-Pacific Partnership (TPP)?
Two recent cases demonstrate the danger to democratic government from investor-state dispute provisions in trade agreements. It appears it is President Obama who was “absolutely wrong” about the dangers of TPP.
The Freidrichs case is not just about unions; it is also setting up an argument against separation of church and state.
This enormous, humongous trade deficit sucked a quarter of a percent from quarterly economic growth and will continue to drag down job prospects, wages and living standards.
In keeping with the figgy-pudding and potato latke traditions of the holidays, here’s a recipe for delivering joy to the workers so that they can spread holiday merriment:
Do not be misled about reports that a Trans-Pacific Partnership vote is being delayed. It's a bargaining ploy. Republicans want “side agreements” that give corporations even more. We have to keep up the fight.
A new study measured job losses from Walmart’s offshoring at 400,000. That doesn’t measure the cost of low-wage employees on public assistance, or budget cuts forced on us by the resulting billionaires.
The Labor Advisory Committee created by Congress to assess the Trans-Pacific Partnership says the proposed treaty is "skewing benefits to economic elites while leaving workers to bear the brunt of the TPP’s downside."
Will Hillary Clinton actively and boldly lobby against the Trans-Pacific Partnership, convincing members of Congress who voted for fast track authority to vote against the trade deal itself?
The U.S. Census Bureau reported Friday that the October goods and services trade deficit was an enormous, humongous $43.9 billion. This is for a single month.
If you close a factory in the U.S., move the production to a low-wage country, bring the same goods back to the U.S. and sell them in the same stores, you have just "increased trade" because now those goods cross a border.
The group's print ads will appear in Politico, The Hill, and Roll Call and are intended to drive awareness of the lack of enforceable currency provisions in the Trans-Pacific Partnership.
With the Trans-Pacific Partnership now public, "foreign-owned companies" illegally fire workers who will be making less than $7 a day. Workers are harassed, arrested and beaten if they try to organize to improve their lives.
The U.S. aluminum industry is desperate for relief from a flood of illegally subsidized imports from China. Thousands of American aluminum workers would still be employed if the U.S. enforced trade regulations.
When talking about trade and the Trans-Pacific Partnership, Donald Trump was correct about China: "The TPP ... is a deal that is going to lead to nothing but trouble."
Noted economist Jeffrey Sachs – who makes it clear he likes its free-trade provisions – explains why the Trans-Pacific Partnership is nonetheless too flawed for Congress to sign.
Congress demanded that the Trans-Pacific Partnership outlaw currency manipulation. The administration promised that the TPP and accompanying side agreements do that. Then Japan said it will continue manipulating.
President Obama has laid out the bottom line, saying the Trans-Pacific Partnership “puts American workers first.” That's the right measure, but there are deficiencies even a thousand pages of legalese can't obscure.
The effort is now on to defeat this treaty in Congress, with labor, consumer, environmental and health care organizations united in their opposition based on the text released Thursday.
Lower crude oil prices helped cut imports. Sales of commercial airplanes and jet engines helped boost exports. The full effect of China's currency devaluation and the stronger U.S. dollar is yet to hit.
At some point the actual text of the Trans-Pacific Partnership will be made public. Organizations, academics, experts and regular people will be able to read, analyze and discuss what has been agreed to in our name.
The text of TPP is still secret -- even from Congress. Today, members of Congress brought out Roxy the “secret TPP text-tracking” bloodhound to try and help them sniff out what's in TPP.
The US has an enormous, humongous and continuing trade deficit, caused by our country's trade policies. In the last few months American industrial production has been edging down. Will the Republican candidates address trade Wednesday?
Last week representatives from more than 75 U.S.-based organizations involved in "good governance and transparency" demanded that our government show us proposals made in our name at the trans-Atlantic trade talks.
The Trans-Pacific Partnership (TPP) agreement is complete, but we still are not allowed to know what is in it. There are rumors Congress might not vote on it until after the 2016 election.
The U.S. Trade Representative's office is shopping around looking for professors to tell the public that the Trans-Pacific Partnership is great – even though the agreement itself is still secret.
On trade, every Democratic presidential nominee has for the past three decades campaigned one way and governed another. Why does this keep happening? The answer is not money.
Clinton cites "years of Republican obstruction at home" that have "weakened U.S. competitiveness and made it harder for Americans who lose jobs and pay because of trade to get back on their feet."
Countries negotiating the Trans-Pacific Partnership say they have reached a deal. So here it comes. The agreement remains secret for now, but here is what we know and what to expect.
Negotiators are meeting in Atlanta, trying to wrap up the Trans-Pacific Partnership as soon as Thursday. A news article explains the latest reason people should be alarmed about what they are negotiating.
Will our country prioritize people, human rights, and morality — or corporate profits? Pride@Work hopes our country will prioritize human rights in upcoming trade agreements.
NAFTA hit us hard; now it looks like TPP will hit us much, much harder. Something we still do in the US is being negotiated away so that executives can pocket even more of those lost wages for themselves.
These numbers do not reflect China's big currency devaluation, which happened in August. That is sure to drive the trade deficit higher.
To get the Trans-Pacific Partnership finished as soon as possible, U.S. negotiators appear to have tried to sell out auto-parts manufacturers in the U.S. to the benefit of countries like China.
China lowered the value of its currency on three consecutive days last week, for a total of 4.4 percent, the largest decline in two decades, raising the question of when the United States is going to stop ignoring currency manipulation.
Legislators are busy people and must travel. Requiring them to be present while staffers who are versed in trade legalese examine the text of TPP is a way of keeping legislators and their staff from knowing what is in the agreement.
China is lowering the value of its currency to boost its economic growth by supporting its exporters. China does what China does, for China. The U.S. should do what the U.S. needs to do, for the U.S.