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Trans Pacific Partnership

U.S.-China Trade Rivalry in Asia Is Overhyped

Li Shengjiao | Posted 03.04.2015 | World
Li Shengjiao

As long as the U.S. and China seek collaboration over conflict, there is reason to believe that the China-U.S. trade engagement in the Asia-Pacific could be a win-win game.

Ryan Grim

Trade Deal Already Hurting Democrats

HuffingtonPost.com | Ryan Grim | Posted 03.04.2015 | Politics

WASHINGTON -- If Sen. Ron Wyden of Oregon, the top Democrat on the Senate Finance Committee, helps push through a massive free trade deal using fast-t...

TPP: Warren Versus Zients. Warren Wins

Larry Cohen | Posted 03.02.2015 | Politics
Larry Cohen

Even the President admits there is reason to be skeptical based on past trade agreements. This time let's read the 1,200 pages before we write a blank check based on wishful thinking.

The Senate Blockbuster Showdown on Trade the Media Missed

Dave Johnson | Posted 03.09.2015 | Politics
Dave Johnson

A fight is coming because past trade deals have cost jobs and wages, devastated entire regions, and accelerated corporate power and income/wealth inequality -- which it is becoming clear was the intent.

Lame White House Response to Sen. Warren's Warning About TPP Investor Privileges

Lori Wallach | Posted 03.02.2015 | Politics
Lori Wallach

The response, which was framed as answers to "important questions" raised by Warren, recycles the litany of platitudes, half-truths and straw-man distractions that comprise the White House talking points on investor-state dispute settlement. But it failed to answer the fundamental question raised by Warren's oped: Who will benefit from the TPP?

Bernie Sanders Calls Out Media For Not Covering Obama's Trade Deal

The Huffington Post | Andrew Hart | Posted 03.02.2015 | Politics

Adding to the chorus of protest over President Barack Obama’s push for a controversial new trade pact with Asia, Sen. Bernie Sanders (I-Vt.) sounded...

Good Obama, Bad Obama

Bob Burnett | Posted 02.27.2015 | Politics
Bob Burnett

During the last two years of a president's second term pundits begin discussing his "legacy." How will historians judge Barack Obama?

Trade Crazy: The Push for Fast-Track Trade Authority

Dean Baker | Posted 04.25.2015 | Business
Dean Baker

When the political establishment wants to pass major trade agreements, we see respectable Washington types making pronouncements bearing so little relationship to reality that they would cause Sarah Palin to cringe. The Washington Post gave us one such gem last week when it took issue with those saying currency rules should be part of the Trans-Pacific Partnership.

The Top 10 Facts about Jobs, Currency, and the Trans-Pacific Partnership

Scott Paul | Posted 04.22.2015 | Politics
Scott Paul

Hundreds of members of Congress (from both parties!) are joining economists left and right to include an enforceable provision on currency manipulation in the TPP, but there are still some who argue that this rule isn't needed. That's why we put together this handy list of the top 10 facts you need to know about currency and the TPP. (Hint: It's about middle-class jobs).

Fighting Fast Track: Is It Really China or Us?

Larry Cohen | Posted 04.22.2015 | Politics
Larry Cohen

This is not what democracy looks like -- secret trade deals rammed through in record time that guarantee fat corporate profits, but likely result in net job loss and wage competition that leads to pay stagnation in the U.S. for years to come.

Zach Carter

Top Democrat Pushes Back On Expanding Obama's Trade Powers

HuffingtonPost.com | Zach Carter | Posted 02.20.2015 | Politics

WASHINGTON -- The biggest economic policy fight of 2015 is creating serious headaches for congressional Democrats, and particularly Sen. Ron Wyden (D-...

Taking On Currency Manipulation: Worse Late Than Never

Jerry Jasinowski | Posted 04.22.2015 | Business
Jerry Jasinowski

The critical reason that Congress should take a pass on this much-too-late effort to address currency manipulation is that it would likely abort our chance for a really beneficial free-trade agreement with Pacific Rim nations, which would bring us must better access to many growing markets. If there were a good time to do this, it was many years ago.

Dana Liebelson

Secretive Trade Deal Could Pose Problems At Home For Senate Democrat

HuffingtonPost.com | Dana Liebelson | Posted 02.19.2015 | Politics

WASHINGTON -- Sen. Ron Wyden (Ore.) is a key Democrat whom Republicans want on their side in their quest to grant President Barack Obama the authority...

House Dem: Trade Rep Said "Non-Negotiable" Climate Provisions Are Negotiable

Lauren Windsor | Posted 04.20.2015 | Politics
Lauren Windsor

One of the few areas of common ground with Republicans and thus one of the few opportunities remaining to burnish his legacy in the waning days of his administration, the Trans Pacific Partnership is a major legislative priority for President Obama. But it's one fraught with land mines.

How Trade Deals Boost the Top 1% and Bust the Rest

Robert Reich | Posted 04.18.2015 | Politics
Robert Reich

I've seen first-hand how effective Wall Street and big corporations are at wielding influence. Global deals like the Trans Pacific Partnership will boost the profits of Wall Street and big corporations, and make the richest 1 percent even richer. But they'll bust the rest of America.

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.

Dana Liebelson

Democrat Says Obama Administration Dodging Request To Read Trade Deals Without Restrictions

HuffingtonPost.com | Dana Liebelson | Posted 02.16.2015 | Politics

WASHINGTON -- A Democratic congressman has accused the Obama administration of dodging his request for "unimpeded" access to two controversial trade a...

Will the United States End Up Like Greece? The Risks of the Trans-Pacific Partnership

Dean Baker | Posted 04.11.2015 | Business
Dean Baker

For years people have been running around Washington yelling that the United States was at risk of becoming Greece. There may actually be a basis for such concerns, but not for the reason usually given.

Trade Must Not Trump Women's Human Rights

Eleanor Smeal | Posted 04.11.2015 | Politics
Eleanor Smeal

Any deal that forces women and human rights to take a backseat to profit and trade should be a non-starter. But right now, the United States is negotiating the Trans-Pacific Partnership (TPP) free trade agreement with 11 nations including Brunei, a country that recently adopted a vicious new penal code threatening the rights and lives of women, lesbians, and gay men.

Enormous, Humongous Trade Deficits Widen, Further Exposing Failed Policy

Dave Johnson | Posted 04.09.2015 | Business
Dave Johnson

In December the trade deficit in goods and services made its largest percentage jump in more than five years and the 2014 yearly total is its highest since 2012 -- which begs the question: Why is the Obama administration doubling down on the failed trade policies of its predecessors?

The Need to Address Currency Manipulation in TPP, and Why U.S. Monetary Policy Is Not at Risk

Rep. Sandy Levin | Posted 04.08.2015 | Politics
Rep. Sandy Levin

The IMF Guidelines demonstrate that the United States is not manipulating its currency and would not be at risk of losing a dispute. The far greater risk is that more middle class jobs will be lost in the United States as a result of foreign governments' currency manipulation. We need strong and enforceable disciplines in TPP to help prevent that from happening.

Zach Carter

Here's The Biggest Problem With Obama's New Trade Push

HuffingtonPost.com | Zach Carter | Posted 02.05.2015 | Politics

WASHINGTON -- In trying to win support for a controversial new trade pact in Asia, President Barack Obama has been offering one major reason why the d...

Fast Tracking Obama's Trade Agreements

Pat Choate | Posted 04.04.2015 | Politics
Pat Choate

Why do Majority Leader McConnell and Speaker Boehner -- who won reelection on a platform of "Stop Obama" -- support weakening Senate and House legislative processes to ratify a treaty whose text was negotiated without Congressional input?

The Worst Trade Deal You've Never Heard Of

Robert Reich | Posted 04.02.2015 | Politics
Robert Reich

The Trans-Pacific Partnership, now headed to Congress, is a product of big corporations and Wall Street, seeking to circumvent regulations protecting workers, consumers, and the environment.

Let's Take Apart the Corporate Case for Fast Track Trade Authority

Dave Johnson | Posted 03.31.2015 | Business
Dave Johnson

U.S. Trade Representative (USTR) Michael Froman appeared before Congress Tuesday to make the corporate argument for "fast track" trade promotion authority.