As negotiators meet in Arlington this week to discuss the future of the North American Free Trade Agreement (NAFTA), the Trump administration is again rattling nerves. While no formal proposal is publicly available, the U.S. Trade Representative is reportedly calling for stricter Buy America rules in government procurement, a five-year sunset clause (i.e. the agreement would not be renewed
From a casual look at today’s business headlines, you’d think the Commerce Department had declared war on the world. “The Commerce Department will slap stiff tariff on Bombardier’s new jet” “Bombardier hit with 219% duty on sale of jets to Delta Air Lines” “UK warns Boeing over Bombardier trade row” “Bombardier stock watchers bracing for
On Monday, Congressional Democrats unveiled their Better Deal agenda to make “bold changes to our politics and our economy.” As my colleagues at Roosevelt have noted, the platform is strong on tackling anti-trust and monopoly power and on recognizing we are not yet back at true full employment. As the agenda acknowledges, there’s much left
Last year, a World Bank tribunal waded into a long-running debate about how and when states can use a so-called prudential measures defense. While the decision (Rusoro Mining Limited v. Venezuela) was rendered in August 2016, I missed reading it at the time and have not seen any mention of this in the usual wonk
Late on Monday, the Trump administration released their long-awaited objectives for the renegotiation of the North American Free Trade Agreement (NAFTA). If it looks familiar to trade wonks, that’s because it is. In area after area, the Trump administration proposes to change the North American pact to make it more like the Trans-Pacific Partnership (TPP).
On Independence Day, Two Ways International Law Tests Social Contracts In 1776, America declared economic and political independence from its colonial masters. Two-hundred and forty-one years later, American workers are still looking for economic enfranchisement in a world of global interdependence. Two happenings in recent weeks illustrate how. CAFTA’s First Labor Case: Workers, 0; Capital,
The Trump administration started the clock on renegotiation of the North American Free Trade Agreement (NAFTA) in its official notice to Congress on Thursday. Robert Lighthizer, Trump’s newly confirmed trade czar, said in a statement that this made good on Trump’s campaign critiques of the pact. Is this just more bluster, or can we expect
Only two countries in the world are not signatories of the Paris Agreement, an historic pledge by the world’s nations to work to cut greenhouse gas emissions. It seems very likely that this week the U.S. will add its name next to Nicaragua and Syria, when President Trump makes good on a campaign threat to
The following remarks were delivered to a congressional panel by Roosevelt Fellow Todd Tucker on May 3, 2017. Good afternoon, Leader Pelosi, Co-Chair DeLauro, Co-Chair Swalwell, and esteemed members of the Committee. Thank you for the chance to share some assessments on trade opportunities and challenges as you look to shape a better future for
The Trump administration’s decision last week to punt on labeling China a currency manipulator disappointed some of his supporters, but should not have surprised anyone paying attention to the policy details. Indeed, it’s a culmination of decades of a hyper-legalistic approach to economic strategy. Before delving into the details, let’s look at the basic economics.