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Tag Archives: TPP

The China shock ended long ago

A much cited study by Autor, Dorn and Hanson found that the surge in imports from China reduced employment in numerous local US labor markets during the period from 1990 to 2007.  Of course that was a period where the overall labor market did pretty well, with unemployment trending lower.  But what about the period since 2007? A new study suggests that the China shock was considerably smaller than previously estimated, and basically came to an end in 2008.  Here’s The...

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Good news on trade

Here’s the Financial Times: For any politician to admit that a signature policy has backfired is unusual. So it was refreshing when Robert Lighthizer, Donald Trump’s trade chief, last week blamed the bind that US farmers are in on his boss’s decision in early 2017 to pull out of the Trans-Pacific Partnership. “We have a real problem,” Mr Lighthizer told the Senate finance committee. “We have a situation that’s not good now and it’s going to get bad very quickly.” Mr...

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Australia Snubs Obama, Dumps TPP, Opts For China-Sponsored Trade Deal

Submitted by Mike Shedlock via MishTalk.com, President Obama made a foolish decision to not welcome China in the formation of the Trans-Pacific Partnership (TPP). It was ludicrous for Obama to leave China out of things. China is the second biggest economy in the world, third if you treat the EU as a block. Had China been in the deal all along, we may not have seen the ludicrous provision that allowed companies to sue governments. That provision was one of the key reasons the deal failed....

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There’s Only One Honest Free Trade Position on TTIP——- Kill It

In a recent op-ed in FT, Wolfgang Münchau raised a very valid point that globalisation, free trade and markets liberalisation do produce both winners and losers. Nothing new here. But the key point is that this realisation must be timed / juxtaposed against political and social realities on the groundQuoting from Münchau (emphasis is mine): “In the past two years, there has been a dramatic reversal of public opinion in Germany about the benefits of free global trade in general, and TTIP in...

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Ultimate Weapon in Existential Struggle: Using the TPP for Hostile Takeover of Mexican Agriculture

Monsanto & Friends are already rejoicing. By Don Quijones, Spain & Mexico, editor at WOLF STREET. Resisting Monsanto, the world’s largest, most influential GMO giant, is an almost impossible task. The corporation boasts more back channels and revolving doors with national governments and regulators than just about any other company on the planet, not to mention a fearsome army of corporate lawyers and lobbyists. Few countries are more aware of this fact than Mexico, where a small...

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Trans-Pacific Partnership trade deal reached

After five years of negotiations the United States and 11 other Pacific Rim countries have agreed to the largest regional trade agreement in history. AEI scholars are available to comment as more details are made public.See Resident Scholar Derek Scissors‘ analysis of the treaty negotiations earlier this year here.See Resident Scholar Claude Barfield‘s commentary on the TPP from earlier this year here.To arrange an interview with AEI scholars, please contact AEI Media Services at...

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Spain Gets Bitter Costly Foretaste of its Beloved Trade Pacts

By Don Quijones, Spain & Mexico, editor at WOLF STREET. US brokerage firm Schwab Holdings and Malta-based OperaFund Eco-Invest Sicav have lodged a new international complaint against the Spanish State over its recent cuts to renewable energy subsidies. The case will be heard in the International Center for Settlement Investment, a Washington DC-based investment arbitration institution that is a member of the World Bank. It is the 19th complaint to date against the Spanish state over...

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