Updates / Trade & Global Opportunity

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By / 12.2.2019

Despite all his bluster, the “Trump Trade Deficit” widened to a new record in the third quarter of 2019.  The non-oil merchandise trade deficit hit $1.047 trillion in the third quarter of 2019, in 2012 dollars (annual rate). That’s according to PPI calculations based on new data released by the Bureau of Economic Analysis on […]

By / 1.30.2019

WASHINGTON— Ed Gerwin, Senior Fellow for Trade and Global Opportunity at the Progressive Policy Institute (PPI), today released the following statement in response to the introduction of the bipartisan, bicameral Congressional Trade Authority Act: PPI welcomes the introduction of the Congressional Trade Authority Act by Representatives Ron Kind (D-WI) and Michael Gallagher (R-WI) and Senators […]

By / 1.16.2019

Dear Democratic Class of 2018, Congratulations on your election to the U.S. House of Representatives! In addition to winning your own race, you are part of something larger – the first wave of a progressive resurgence in U.S. politics. The midterm elections gave U.S. voters their first opportunity to react to the way Donald Trump […]

By / 1.16.2019

Article I, Section 8 of the Constitution sets out Congress’s job description on international trade, empowering it “to lay and collect . . . duties” and “to regulate commerce with foreign nations.” For the past two years, Congress hasn’t been doing its job. Instead, it’s stood by while President Trump has hijacked its constitutional trade […]

By / 10.22.2018

‘We lost $817 billion a year, over the last number of years, in trade,” President Trump said at a summer rally. “In other words, if we didn’t trade, we’d save a hell of a lot of money.” Mr. Trump’s bombast has flipped the Republican pro-trade script. For Democrats, this change offers a significant political opening […]

By / 10.9.2018

Donald Trump huffed, and he puffed, but he couldn’t blow NAFTA down. Like the Big Bad Wolf in the fairy tale, President Trump presumed that NAFTA — which he’s called the “worst trade deal ever” — would collapse before his bluster like a house of straw. Trump’s bombast may have knocked a few shingles off the agreement’s […]

By / 10.4.2018

Democrats, like progressive parties across the transatlantic world, are struggling to find an answer to populist nationalism. Could that answer lie in reviving another old political creed, socialism? Some young Democratic activists, inspired by Sen. Bernie Sanders, are flirting with “democratic socialism.” But they have nothing on Britain’s Labour Party, which consummated its on-again relationship […]

By / 10.2.2018

“President Trump has called the new USMCA ‘the most important trade deal that we’ve ever made, by far.’ To the extent that the Administration is backing away from Trump’s earlier threats to blow up or emasculate NAFTA, that may be true. To the extent that the USMCA is largely an elaborate rebranding exercise, it seems […]

By / 9.18.2018

Donald Trump promised that America would start “winning big on trade.” Trump vowed to keep “special interests” from rigging U.S. trade, pledged trade decisions would “benefit American workers and families,” and promised to confront trade violations by China. For the former Apprentice host, winning means that Trump picks the winners, tilting the scales for his […]

By / 8.9.2018

On July 17, 2018, the European Union and Japan formally signed a landmark agreement on trade. This watershed agreement underscores the strong desire of the EU and Japan to benefit their citizens and economies by aggressively pursuing open, rules-based trade. When ratified by their respective legislatures, the Economic Partnership Agreement (EPA) signed in Tokyo by […]