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Posts Tagged ‘trade’

August 27th, 2018 - 10:16 am § in Donald Trump, Foreign Affairs

TRADE DEAL: It is in the details!

The details of the Mexico:US Trade agreement:  It looks to me as if  some  good could come out of the Trump admin.  Reuters, reports that the agreement with Mexico requires 75% of an automobile’s value to be manufactured in North America, up from NAFTA’s current level of 62.5%. It wo[...]

March 4th, 2018 - 12:18 pm § in Donald Trump

About those steel and aluminum tariffs …

Stocks dropped last week after Trump announced his intention to impose tariffs on steel and aluminum imports. He didn’t base this action on economic arguments, but on national security, which makes sense. If we depend on Santa’s Workshop for steel needed for defense, and get into a confl[...]

April 27th, 2017 - 4:09 pm § in Donald Trump

CANADA TO TRUMP: You tax our wood, we ban your coal

B.C. Premier responds to U.S. softwood duties by seeking a ban on U.S. coal transport through B.C. In the wake of the U.S. imposing new penalties on Canadian softwood lumber imports, Christy Clark is asking Ottawa to ban the shipment of all thermal coal —… CBC.CA[...]

October 24th, 2016 - 8:37 pm § in Misc.

AFTER TRUMP: Repairing TPP and NAFTA

Want to help free trade’s ‘losers’? Make ‘adjustment assistance’ more than just burial insurance Marina v. N. Whitman, University of Michigan Trade adjustment assistance, dubbed ‘burial insurance’ by those it’s supposed to help, needs to be significantly reformed so that fut[...]

April 16th, 2015 - 11:32 am § in Misc.

TPP is on its way

Reuters reports that U.S. senators have agreed to a bipartisan bill to move trade deals quickly through Congress . The key element was agreement on aid for workers hurt by trade. Fast track authority restricts Congress to a yes-or-no vote in exchange for setting negotiating objectives, laying out h[...]

December 11th, 2014 - 10:10 am § in America, Hypocrisy

CHINA: #1

China has just overtaken the United States as the world’s largest economy.  Meanwhile China is evicting the last of the demonstrators in Hong Kong.  Who is still on Hong Kong’s streets?  Nobel Laureate Joseph E. Stiglitz explains what this means in Vanity Fair. Excerpts: “2014 was [...]

November 24th, 2014 - 11:09 pm § in Uncategorized

China: Integration with Europe and India by train

China launches world’s longest train route from Yiwo to Madrid Washington, Nov 22 : China’s new train  will take 21 days to travel 6,200 miles and pass through six other countries as it moves goods from the industrial city of Yiwu to the Spanish capital, Madrid, marking the longest rout[...]

July 26th, 2013 - 10:09 pm § in America, Politics

Commentary by Norm: Is Free Trade Good For Us? Pt. 3.

Continuing the thread about free trade Auto workers in Japan and Germany have been paid more than UAW workers in this country have for more than three decades.  Your suspicions are flat out wrong.  The problem with the cost of building US cars is primarily, tho not exclusively, the cost of worker [...]

July 25th, 2013 - 11:04 am § in America, Politics

Is Free Trade Good For US . part 2.

In response to Norm My point us the same.  Protectionism raises cost on everything workers buy while encouraging capital flight. How do you feel about Japanese protectionism or french protectionism.  Do you think THEIR workers benefit.from the absurd prices for rice and wheat? As for Korean and Ja[...]