Trade

The Eurasian Century Has Already Begun

August 27, 2020 By Scott Foster, Asia Times. Educate! China, Dollar domination, Eurasia, Finance and Economy, Trade

India, China and ASEAN are the greatest market opportunities, with the greatest potential for growth in nominal terms if the dollar declines. China, India and ASEAN also account for about 45% of the global population versus less than 5% for the US. All Eurasia accounts for more than 60%. No matter who wins the election in November, the US is not returning as the engine of global economic growth. Instead, it is adopting the mercantilist import-substitution policies that built the “miracle” economies of East Asia. Recent studies from sources such as the Pew Research Center and the University of Washington have ranked the US from 24th to 38th in the world in terms of health care and education, math, and science. This is a deep hole to climb out of. As the US turns to the task of putting its own house in order, the Eurasian Century has already begun.

Can Whales Save The Humans? + Prepping One Community At A Time

December 5, 2019 Eleanor Goldfield, Occupy.com Resistance Report IMF, Trade

A whale of a deal for the IMF and all those folks out there who wanna keep consuming but want someone else to deal with the fall out. Next up, the whole damn system is guilty as hell – and that's a heavy thought. And while starting the fight – and more so the build - in your own community might seem a small move to make, it may be the most powerful.

US Embassy Pressures Thailand Over Monsanto Poison Ban

November 6, 2019 By Joseph Thomas, Journal-neo.org Educate! Pesticides, Thailand, Toxic Chemicals, Trade, US Imperialism

Under Thailand’s new government, efforts to ban toxic pesticides and herbicides including those made by US agricultural giant Monsanto were first accelerated, and have now finally succeeded. Thailand’s Deputy Prime Minister and Health Minister Anutin Charnvirakul bluntly stated that “the US was worried only about trade. The Thai government was concerned about the health of Thai consumers,” in response to complaints from the US embassy over the ban, Bangkok Post would report in its article, “Govt rejects US opposition to farm chemicals ban.”

US Dollar Domination Declines As Eight Countries Join Instex

October 3, 2019 Staff, Sputniknews.com Create! Inter-Imperialist Rivalry, Iran, Middle East, Trade

The INSTEX trade mechanism was set up by France, Germany and the UK in January to continue trade with Iran, bypassing US sanctions. It became operational and available to all EU member states in June. Eight more countries have decided to join the Instex mechanism for trade with Iran, in addition to the states that have been part of the mechanism, said Nathalie Tocci, an aide to EU High Representative Federica Mogherini. "Apart from the three countries that initiated the creation of the mechanism - France, Germany and Great Britain - eight more EU member states have decided to join.

UK Government Is Pushing Ahead With Extreme US Trade Deal With No Mandate

August 9, 2019 Staff, Global Justice Educate! Justice, Trade, United Kingdom (UK)

Campaign group Global Justice Now has accused Boris Johnson’s government of pushing ahead with an extreme US trade deal without a mandate from the public or parliament.This week both Foreign Secretary Dominic Raab and Trade Secretary Liz Truss have been in Washington DC to talk trade with US officials. Both ministers are well known opponents of the sort of regulations and protections that would be threatened by a US trade deal. Liz Truss will speak at a meeting of the extreme free market Heritage...

Toward A Progressive Trade Agenda For People And Planet

August 3, 2019 Ethan Earle, Manuel Pérez-Rocha, and Scott Sinclair, Tradeforpeopleandplanet.org Create! Canada, Mexico, NAFTA II, Trade, United States

With ratification of NAFTA 2.0 still up in the air in the U.S. and Canada, a new international report contrasts the deeply flawed agreement with proposals for a more progressive and truly fair trade regime. “Beyond NAFTA 2.0: A Trade Agenda for People and the Planet” is jointly published in English and Spanish by the Ottawa-based Canadian Centre for Policy Alternatives (CCPA), the Washington, D.C.–based Institute for Policy Studies (IPS) and the Rosa Luxemburg Foundation’s New York office. It includes contributions from trade experts and activists from all three North American countries...

Goodbye Dollar. It Was Nice Knowing You

July 7, 2019 Philip Giraldi, Strategic Culture. Educate! European Union (EU), Iran, New Economy, Trade

Over the past two years, the White House has initiated trade disputes, insulted allies and enemies alike, and withdrawn from or refused to ratify multinational treaties and agreements. It has also expanded the reach of its unilaterally imposed rules, forcing other nations to abide by its demands or face economic sanctions. While the stated Trump Administration intention has been to enter into new arrangements more favorable to the United States, the end result has been quite different, creating a broad consensus within the international community that Washington is unstable, not a reliable partner and cannot be trusted.

‘Big Pharma’ Is The Big Winner Of The USMCA

June 25, 2019 Veronika J. Wirtz, Warren A. Kaplan and Kevin Gallagher, Thehill.com Educate! Big Pharma, Trade, USMCA

The longstanding debate in the United States on its sky-high prescription drug prices and access to health care is raging where you might least expect it — within the pages of President Trump’s new trade deal: the U.S.-Mexico-Canada Agreement (USMCA). Critics of the USMCA are very concerned that it would increase medicine prices in North America and strengthen the hand of one of the world's most powerful industries. At Boston University’s Global Development Policy Center and School of Public Health, we have been studying the impact of trade treaties on access to medicines and can confirm that there is real truth to these concerns. They require policy action.

It’s Time To Stop NAFTA 2.0 And Get Trade For People And Planet!

June 21, 2019 Mackenzie McDonald Wilkins, Tradeforpeopleandplanet.org Resist! NAFTA, Trade, USMCA

The debate around Trump’s NAFTA 2.0 is heating up. Mexico just ratified the US-Mexico-Canada Agreement (USMCA), leaving both Canada and the United States to follow suit. But, there are some major road-blocks in both countries that could delay or even derail the “trade” deal completely. In the US, we have to keep the pressure on House Democrats so they don’t succumb to the interests of Big Pharma, Big Ag, and the Fossil Fuel industry that are fighting hard for further deregulation under NAFTA 2.0.

China-India-Russia Moving Toward New Trading System In Response To Trump Protectionism

June 14, 2019 Lee Jeong-ho, Scmp.com Educate! China, India, Inter-Imperialist Rivalry, Russia, Trade

Narendra Modi expected to join Xi Jinping and Vladimir Putin at Shanghai Cooperation Organisation summit to express support for initiative. China hopes to win Indian and Russian support in establishing a “new type” of “rules-based” and “multilateral” trade initiative. Multiple Indian media reports suggest the country’s recently re-elected Prime Minister Narendra Modi will join forces with Chinese President Xi Jinping and Russian leader Vladimir Putin on the sidelines of the Shanghai Cooperation Organisation (SCO) summit in Kyrgyzstan this week to express their concerns about US President Donald Trump’s protectionist approach.

Trade War With China Waged To Make Rich Richer

May 26, 2019 Dean Baker, Truthout. Educate! China, Currency, Trade, Wealth Divide

Donald Trump seems determined to double down and keep pressing forward on his trade war with China. He promises more and higher tariffs, apparently not realizing that U.S. consumers are the ones paying these taxes — not China’s government or corporations. While tariffs clearly impose a cost on people in the United States, this cost could be justified as a weapon to change a trading partner’s harmful practices. During his campaign, Trump pledged to wage a trade war with China over its currency policy. He said he would declare China a “currency manipulator” on day one of his administration, putting pressure on China to raise the value of its currency against the dollar.

How “Good Regulatory Practices” In Trade Agreements Erode Protections For The Environment, Public Health, Workers And Consumers

May 24, 2019 Bart-Jaap Verbeek, Somo.nl Educate! CETA, Trade, Trade Deal, TTIP, USMCA

Since the 1995 founding of the World Trade Organization (WTO), environmental NGOs and public interest watchdogs have warned that overly restrictive language in the WTO agreements unfairly constrains the policy options available to governments for conserving animal and plant habitats, eliminating pollution, reducing greenhouse gas emissions and taking toxic chemicals out of our consumer products, among other public interest priorities. While some progress has been made to remedy this imbalance in newer free trade agreements...

Report: Trump NAFTA 2.0 Fails Economic Analysis

April 21, 2019 Eyes On Trade Educate! NAFTA, Trade, USMCA

The April 18, 2019 release of the International Trade Commission (ITC) report on the revised North American Free Trade Agreement (NAFTA) does nothing to alter the reality that the fate of NAFTA 2.0 relies largely on whether the administration engages with congressional Democrats and then with Canada and Mexico to improve the text signed last year. That Democrats, unions and others who have opposed past pacts seek improvements – rather than the deal’s demise – reveals that a path exists to build broad support. But absent removal of new monopoly protections for pharmaceutical firms that lock in high drug prices and strengthened labor and environmental standards and enforcement, the deal is not likely to garner a majority in the U.S. House of Representatives.

Solidarity Isn’t A Slogan, It’s A Process

March 17, 2019 By Cira Pascual Marquina, Venezuelanalysis.com. Strategize! Imperialism, Oil and Gas, Trade, Venezuela

Imperialism is not a static phenomenon. What we had in the 19th century and into the early 20th century is different from what we have now. At that time, production was mostly inside nations. You had the Ford Motor Company located in the United States in competition with Daimler located in Germany, and most Daimler cars were built in Germany, while most Ford cars were built in the United States. They were competing for resources in third or fourth or fifth countries and for markets and finance, etc. That was a form of inter‐capitalist rivalry, and it pushed countries to use their political, military, and economic power to get an advantage over other countries.

USMCA is Another Corporate Power Grab

March 1, 2019 By Mackenzie McDonald Wilkins, Popular Resistance Resist! NAFTA, NAFTA II, Trade, USMCA

The path to creating a trade system that puts the necessities of the people and the protection of the planet before trade designed for transnational corporations begins with stopping Trump Trade, the NAFTA 2.0 referred to as the US-Mexico-Canada Agreements (USMCA). Many of the shortcomings of the original NAFTA remain and the reforms made are inadequate to warrant support for those who believe in fair trade that puts people and planet before corporate trade. The path to a trade regimen that we need begins by stopping Trump Trade.

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