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Trade War

No, Negotiating a Currency Chapter in the TPP Will Not Cause a Trade War or Cost Us Jobs

Jared Bernstein | Posted 04.18.2015 | Politics
Jared Bernstein

Stop the foolishness and talk to us like grownups. There will be no "trade war" if we pursue a currency chapter in the TPP. There will be a lot of arguing and negotiating about what technically constitutes currency manipulation to gain an edge in trade. It could blow up the deal, and Secretary Lew, Rep. Ryan, and others should explain to us and to members of Congress why that's a more costly outcome to American workers and businesses than continuing to live with labor demand-draining trade deficits. If they can do so, then let's have a TPP. If they can neither make a convincing case based on facts, not war-mongering and fear tactics, nor can they offer a convincing alternative for legislative actions outside of the TPP against currency manipulation, then they must either negotiate a currency chapter or accept defeat.

Trade Wars on Solar Energy Miss the Point

Sunita Narain | Posted 08.03.2013 | Green
Sunita Narain

The problem is, countries have never considered the competing and often conflicting objectives. As a result, solar energy, instead of becoming the messenger of the new cooperative world, is getting embroiled in messy battles.

Tensions Rise Over Russia's U.S. Meat Ban

Reuters | Posted 04.13.2013 | Business

* Russia bans imports of U.S. meat from Feb. 11 * The move to jeopardise U.S. meat imports worth $0.5 bln * Producers se...

Beating China, Corporate Style

Hannah Gurman | Posted 05.23.2012 | Politics
Hannah Gurman

The compact between U.S. corporations and U.S. labor is over. Especially in light of all that has transpired since 2008, why should anyone believe that catering to the interests of U.S. corporations located in or returning from China will make American workers any better off?

It's the Economy, Stupid

Sen. Fritz Hollings | Posted 03.28.2012 | Politics
Sen. Fritz Hollings

If the president would protect steel, motor vehicles, computers and machine tools like President Reagan did, it would create millions of jobs. President Obama refuses to enforce our trade laws.

The Debate Over Aviation Emissions

Toni Johnson | Posted 02.29.2012 | World
Toni Johnson

Starting Jan. 1, the EU will require all international air carriers flying in and out of the airports of member states to participate in its carbon trading regime governing greenhouse gas emissions.

Avoid Trade War? We're Already In One!

Ian Fletcher | Posted 10.29.2011 | Politics
Ian Fletcher

Whenever protectionists like myself demand that the U.S. government do something to stand up for America in global trade, we are shouted down with the stern admonition, "You'll start a trade war." I wish.

No Longer Free Press

Sen. Fritz Hollings | Posted 08.27.2011 | Politics
Sen. Fritz Hollings

When the press finally wakes up and reports how we can win this trade war, how we can rebuild America, it will probably report that those for the value added tax approach "were ahead of their time."

The Grand Charade

Sen. Fritz Hollings | Posted 08.08.2011 | Politics
Sen. Fritz Hollings

Don't give us a long-term plan for future Congresses to pay the debt. Start paying it. Cut out the politics and replace the corporate tax with a 6% VAT. Cut spending and start paying for government.

Just Campaigning

Sen. Fritz Hollings | Posted 06.08.2011 | Business
Sen. Fritz Hollings

President Obama needs to get the country out of the Iraq, Afghanistan, and Libya wars and get into the trade war. Appointing Jeffrey Immelt is just campaigning.

Yes We Can! (Fix Our Trade Mess)

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

It's an utter mistake to think America is this big helpless giant with respect to its trade problems. The solutions are out there if we would but avail ourselves of them.

China, U.S. and the Politics of Failure

Michael Kanellos | Posted 05.25.2011 | Green
Michael Kanellos

Who killed Evergreen Solar? Conventional wisdom blames Chinese solar panels. But it's not a fully adequate explanation.

G20 Leaders Must Renew Their Commitment to Global Development

Kofi Annan | Posted 05.25.2011 | World
Kofi Annan

It is my profound hope that the principles of fairness, balance and the common good which have become so popular with G20 leaders lately will inform today's summit in South Korea. Unfortunately, the signs are decidedly mixed.

Weekly Audit: Banks Get Big Bucks, Consumers Get Bupkis

The Media Consortium | Posted 05.25.2011 | Politics
The Media Consortium

Weekly Audit: Banks Get Big Bucks, Consumers Get Bupkisby Lindsay Beyerstein, Media Consortium blogger Last week, the Federal Reserve announced a plan...

U.S. Is in a Trade War, Whether It Likes It or Not

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

China has a plan and follows its plan, while the Council on Foreign Relations and the Pentagon wait for China to collapse in chaos. China's not the problem. Washington has to stop waiting and whining and get into the trade war.

Maybe Not Such a Mid-Term Blowout

Robert Kuttner | Posted 05.25.2011 | Politics
Robert Kuttner

Obama has insisted that the Bush era tax cuts, which expire this year, be extended for "only" about 98 percent of Americans, but not for households making over $250,000 a year. Hard to argue with that, but watch the GOP try.

America Was Founded as a Protectionist Nation

Ian Fletcher | Posted 05.25.2011 | Politics
Ian Fletcher

Historically, protectionism has been, in fact, the real American Way; this pattern even predates American independence.

President for the Country

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

Obama must act now on jobs and deficits. Unless someone has a better idea, repealing the corporate income tax with a 5% value added tax will curtail the need to off-shore and reduce the deficit.

Protectionism Didn't Cause the Great Depression

Ian Fletcher | Posted 05.25.2011 | Business
Ian Fletcher

The myths behind Smoot-Hawley continues to poison U.S. policymaking even today, as it renders the U.S. government fearful of retaliating against problems like Chinese currency manipulation.

The Mythical Concept of Trade War

Ian Fletcher | Posted 05.25.2011 | World
Ian Fletcher

Supposedly, no matter how bad our problems with our trading partners get, they are less bad than the catastrophe that would ensue if we walked away from our current policy of unilateral free trade.

The Deficit Commission and its Chances of Working

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

The president and Congress are in a heat over innovation and small business jobs, while they ignore the off-shoring of our manufacturing. On this course, we'll end up a banana republic.

Turned Off

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

With imports soaring, we're stimulating the production of China, not the US. The Obama administration refuses to enforce our trade laws to protect the economy and change our tax laws to promote exports.

Keeping Everybody Happy

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

We are not competing in the global economy because the Fortune 500 and the money crowd in New York, are getting rich investing, developing, and producing in China.

Perfect Desertion

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

The politics of the President and the Congress, influenced by the politics of the financial community, brews into the perfect desertion.

Quiet Conspiracy

Sen. Fritz Hollings | Posted 05.25.2011 | Politics
Sen. Fritz Hollings

The President, as he dithers on how to get in a war that he should be out of, has called a White House summit on jobs to dither about how to stay out of the Trade War that we ought to be in.