Updates / Trade & Global Opportunity

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By / 3.19.2020

America now depends on overseas suppliers for more than half of its medical equipment and supplies, up sharply from a few years ago. That’s based on a PPI analysis of government trade and industry data, What happened? As we go through this terrible pandemic, U.S. healthcare providers are suffering from a surprising shortage of medical […]

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 […]