Press / Trade & Global Opportunity

Press

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 / 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 / 6.6.2018

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

On March 1, after weeks of “absolute chaos” within his administration, Trump held a hastily arranged “listening session” with metals executives. Trump announced — to the surprise of his staff — that he’d be imposing import tariffs of 25 percent on steel and 10 percent on aluminum, and that these tariffs would last “a long period of time.” Trump […]

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 […]