Trade

Trump Trade War Helps Push Farmers Into Record Number Of Bankruptcies

February 12, 2019 Mary Papenfuss, Huffingtonpost.com Educate! Bankruptcy, Farmers, Trade

Dairy farmers were counting on China milk buyers before the trade war. “The problem is both nations have stubborn leaders,” an industry analyst said. Hard times for farmers got tougher with President Donald Trump’s trade war. Now Midwestern farmers are filing the highest number of bankruptcies in a decade, according to a Wall Street Journal analysis of federal data. And farmers aren’t hopeful about this year. Twice as many farmers in Illinois, Indiana and Wisconsin declared bankruptcy last year compared to 2008, according to statistics from the 7th Circuit Court of Appeals, the Journal reported. Bankruptcies in states from North Dakota to Arkansas leaped 96 percent, according to figures from the 8th Circuit Court of Appeals.

Congress Call In Day: Stop NAFTA 2 And Create Trade For People And Planet!

January 7, 2019 Staff, Tradeforpeopleandplanet.org Resist! Congress, Electoral Politics, Trade, USMCA

The new Congress, elected in the 2018 midterm elections, has its first meeting on January 3 and will be getting into full swing by January 8. Let’s send them a warm welcome with our demands for trade justice at the beginning of the term. We need them to, not only stop the corporate giveaways of NAFTA 2, but also to create a new model of trade that protects people, the environment and democracy.

We Don’t Feel Better Off, Because We’re Not

December 8, 2018 Stan Sorscher, Thestand.org Educate! Capitalism, Trade

(Dec. 4, 2018) — Earlier this year, trade experts explained to two audiences in Seattle how workers should adjust to the global economy. Workers displaced by global competition could learn computer skills and move to Boston, San Francisco, and Seattle. One of the experts expressed disappointment at her failure in reassuring workers that our free-trade approach to globalization made us better off. At a third meeting a few weeks later, two trade experts from Mexico said their country’s biggest problem was inequality. One, an economist, said he was “agnostic” about whether free trade made inequality in Mexico better or worse.

Stop NAFTA 2 – No More Rigged Corporate Trade

December 7, 2018 Trade for People and Planet. Resist! #NoNAFTA2, NAFTA, Trade, Trump

Trump’s renegotiated NAFTA, the USMCA, maintains the same failed model as NAFTA and the TPP that favors big corporations at the expense of working people and the environment. This agreement should be rejected and replaced with a new model of trade that protects workers, the environment and democracy. We can stop it from being ratified by Congress. Contact your member of Congress using the simple tool below.

We Can Stop Rigged Corporate Trade, If We Act Now

December 4, 2018 Margaret Flowers and Kevin Zeese, Clearing the FOG. Podcast #NoNAFTA2, NAFTA, Trade, Trump

On November 30, leaders of the United States, Mexico and Canada signed the revised North American Free Trade Agreement (NAFTA) at the G20 in Argentina. The new NAFTA is an updated version of rigged corporate trade that sells out workers and endangers the environment for profits. We speak with Arthur Stamoulis of Citizens Trade about what is in the new NAFTA and the politics around it. We have an opportunity to stop this model of rigged corporate trade, which began in the 1990s with NAFTA, and replace it with a trade model that protects people and the planet. Learn what you can do.

Trump’s Trade Czar, The Latest Architect Of Imperial Disaster

December 4, 2018 By Alfred W. McCoy, Tomdispatch.com Educate! Inter-Imperialist Rivalry, Trade, Trump Administration

As Washington’s leadership fades more quickly than anyone could have imagined and a new global order struggles to take shape, a generation of leaders has crowded onto the world stage with their own bold geopolitical visions for winning international influence. Xi Xinping has launched his trillion-dollar “Belt and Road Initiative” to dominate Eurasia and thereby the world beyond. To recover the Soviet Union’s lost influence, Vladimir Putin seeks to shatter the Western alliance with cyberwar, while threatening to dominate a nationalizing, fragmenting Eastern Europe through raw military power. The Trump White House, in turn, is wielding tariffs as weapons to try to beat recalcitrant allies back into line and cripple the planet’s rising power, China.

As Deadline Nears, New NAFTA Not Ready For Signing

November 29, 2018 Janyce McGregor, CBC News. Educate! #NoNAFTA2, NAFTA, Trade, USMCA

Three days away from the target date for all three countries to officially sign the revised North American trade agreement, Canada and the United States are still haggling over what the deal actually says. An annex on duties Canada imposes on U.S. dairy, egg and poultry products that was posted online by the Trump administration contained language that differed from what Canadian negotiators believed they'd agreed to at the table. Confronted with the discrepancy, the American side stuck to its guns. The clock is ticking down fast: Nov. 30, the intended signing date, is this Friday.

Nov. 30-Dec. 1 No NAFTA2 Days Of Action

November 9, 2018 Popular Resistance. Resist! #NoNAFTA2, NAFTA, Trade, Trump, USMCA

On November 30, the leaders of the United States, Mexico and Canada plan to sign the renegotiated North American Free Trade Agreement (NAFTA), now called the US-Mexico-Canada Agreement (USMCA), during the G-20 Meeting in Buenos Aires, Argentina. This is the last date that the agreement can be signed by the outgoing right-wing Mexican President Peña Nieto before the new president takes office. Join the first No NAFTA 2 national call on Tuesday, November 13 at 9:00 pm Eastern/6:00 pm Pacific.

Revised NAFTA Shows Every Sign of Being Another Trump Scam

September 3, 2018 Pete Dolack, Counterpunch Resist! Corporate Trade, NAFTA, Trade

If the renegotiated North American Free Trade Agreement were good for working people, its content wouldn’t be hidden. Just what the Trump administration and the Mexican government of Enrique Peña Nieto have cooked up we do not know, but given the proclivities of both it is not likely to be good. That the hurried-up deal appears to be intended to force Canada, which has the strongest regulations among the three NAFTA countries, into signing on disadvantageous terms, provides all the more reason to be skeptical. And, finally, a study of the United States Office of the Trade Representative’s “fact sheet” leaves no doubt that any new NAFTA will be a windfall for multi-national corporations, at our expense.

US Orders World Trade Organization To Shape Up Or Else

September 2, 2018 Arkady Savitsky, Strategic Culture. Educate! Globalization, Trade, Trump, WTO

The US mulls leaving the World Trade Organization. "If they don't shape up, I would withdraw from the WTO," said President Donald Trump in an interview with Bloomberg News on Aug.30. The president wants the organization to adopt rules more favorable to America. He believes the US is not treated fairly though it’s Washington who is pressing challenges against other states, including close trade partners, not vice versa. According to Mr. Trump, the 1994 agreement to establish the WTO "was the single worst trade deal ever made". Two years ago, then presidential candidate Trump told NBC's "Meet the Press," that the "World Trade Organization is a disaster."

Trade War Is About Asserting US Dominance Not Helping Workers

July 15, 2018 By David M. Kotz, Jacobin Educate! Corporate Trade, Trade, Trade War

President Trump slaps tariffs on imports from many of the US’s traditional allies, condemning their leaders for unfair treatment. The mainstream media warns of the erosion of the global order. President Trump threatens, and then imposes, high tariffs on Chinese products and other restrictions on trade relations with China. ZTE corporation, a leading state-owned, high-tech company in China, is barred on national security grounds from importing US-made components that are essential to their products. Then the ZTE action is reversed, leading some Democratic senators to denounce Trump for going soft on China. Whose side should we be on, if any, in this burgeoning trade war?

Trade: It’s About Class, Not Country

July 10, 2018 Dean Baker, CEPR.net Educate! New Economy, Trade

There is a fundamental flaw in the way that both Donald Trump and his critics generally talk about trade. They make it an issue of country versus country, raising the question of whether China, Canada and other trading partners are treating the United States fairly as a country. Trump of course does this more explicitly with his “America First” rhetoric and complaints about other countries cheating us because they run trade surpluses, but his critics also often use similar language. After all, it is common for the adults in the room to make assertions about China’s theft of “our” intellectual property. Have you had any intellectual property stolen by China? The economist and policy types who have been pushing the trade agenda of the last four decades often make assertions like “everyone gains from trade.” This is what is known in the economics profession as a “lie.”

Trade Justice And Immigration Justice Are Intimately Tied Together

June 24, 2018 Daniel Cooper, Popular Resistance Educate! Immigration, Trade

Trade policy with Mexico and Central America has direct results in the lives of entire communities who are left without economic opportunity by the reshuffling of economic power through trade deals. Just as the free market policies of the original NAFTA left thousands of farmworkers unemployed and seeking better opportunities in the United States. But Trump's economic nationalism is the promise of a failed model where capital moves freely but workers are punished for moving amongst these same borders. Trump's economic policy is the promise of the lack of humanity when capital reigns above the well-being of workers, of families, of children. Action on trade must be taken in the context of a whole socio-economic panorama in which social justice should be a principal objective. There can be no trade justice when immigrants are literally being separated from their families to prohibit them from participating in the social and economic life of the United States.

United States No Longer A Major Player In World Affairs

June 11, 2018 Vijay Prashad, The Tri-Continental. Educate! China, Iran, Trade, US Empire

The picture above is from Vienna. The wall drawing was done by the artist Tabby. It captures – in essence – the way in which a considerable section of the world’s population sees the US President Donald Trump. But Trump is not solely responsible for what appears to be the irrational policy of the United States. Why, for instance, did Trump set in motion a tariff policy against close US allies such as Canada, Europe and Mexico as well as China on the same day? Why not go after China – which Trump has indicated is an adversary on trade – and then tackle the others in sequence?

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