Updates / Trade & Global Opportunity

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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 […]

By / 7.17.2018

Here are a selection of PPI’s recent reports, op-eds and blog posts on global trade 2018  “Confronting China’s Threat to Open Trade,” (Ed Gerwin) (June 2018) Op-Ed in The Hill: “It’s time for Congress to step in and stop Trump’s trade abuses,” (Ed Gerwin) (June 2018) Op-Ed in The Hill: “’Go-it-alone’ trade strategies are neither […]

By / 6.20.2018

The President’s blunt goal of reducing America’s trade deficit with China won’t address the threat of China’s high-tech mercantilism WASHINGTON —The Progressive Policy Institute (PPI) today released a new report by Ed Gerwin, Senior Fellow for Trade & Global Opportunity, proposing a smart, targeted long-term U.S. strategy to combat China’s state-directed technology mercantilism, instead of […]

By / 6.18.2018

At the G7 Summit last week, Donald Trump’s fixation on tariffs, as well as his withdrawal of support for a Group of Seven communique, made waves. The President’s protectionist agenda could do serious and lasting damage to the U.S. economy, American workers, and the international relationships we’ve spent decades building. In response, pragmatic progressives should […]

By / 6.6.2018

Donald Trump and his court appear to believe that the president has near absolute power over trade. After Trump ordered tariffs on imported aluminum and steel, Commerce Secretary Wilbur Ross noted that Trump could alter the tariffs or impose quotas or “do anything he wishes at any point.” Trump recently launched an investigation to limit […]

By / 5.9.2018

President Trump seems determined to keep his dumbest 2016 campaign promises. First, he pulled the United States out of the Trans-Pacific Partnership, which is designed to create a strong economic counterweight to China. Then, he pulled us out of the Paris climate accord, essentially signaling that the United States will not cooperate with the rest […]

By / 3.8.2018

The remaining 11 countries are to sign a renegotiated deal Thursday. U.S. companies will suffer. When President Trump announced the U.S. would pull out of the Trans-Pacific Partnership in January 2017, he likely thought he’d consigned the proposed trade pact to history’s dustbin. After all, America was by far the largest and most influential country […]

By / 9.20.2017

Everyone knows that Chinese wages have soared in recent years. Factory pay is up 64% since 2011, according to one source. The yuan-dollar rate was 6.38 on September 20, 2011, compared to 6.57 today, virtually no change. So quick quiz. What do you think has happened to the price of imports from China since then? […]

By / 8.27.2017

Warning! Wonky post ahead. At PPI, we are focused on understanding where the new jobs of the future are coming from, and how policymakers can help foster their growth. That sometimes requires identifying underlying trends that may not be obvious. The growth of multiple networks of ecommerce fulfillment centers–built by retailers such as Amazon, Walmart, […]