The Senate’s soon-to-be top Democrat told labor leaders Thursday that the Trans-Pacific Partnership, the trade deal at the center of President Obama’s “pivot” to strengthen ties with key Asian allies, will not be ratified by Congress.
That remark from Sen. Charles E. Schumer (D-N.Y.), who is expected to be the incoming Senate minority leader, came […]
From the International Business Times:
Chances have all but vanished for passage of the controversial Trans-Pacific Partnership (TPP) trade pact despite a huge last-ditch effort by US President Barack Obama and an upcoming trip to Asia to tout the deal.
The White House had been hopeful about nailing down the unprecedented trade agreement with 11 […]
From The Huffington Post:
Leading presidential candidates’ opposition to President Barack Obama’s signature trade agreement is jeopardizing the landmark deal, according to a senior White House official.
The official, who requested anonymity, indicated that they’re paying special attention to Republican front-runner Donald Trump — who called the TPP a “terrible deal” and has expressed his […]
Excerpts from In These Times:
Like the WTO agreements or NAFTA, the TPP is an attempt to set the rules of the global economy to favor multinational corporations over everything else, trampling on democracy, national sovereignty and the public good. The more than 600 corporate lobbyists who had access to the draft texts used their […]
President Barack Obama has nominated former Rep. Dan Maffei to serve as a commissioner on the Federal Maritime Commission, an independent federal agency.
Maffei, a Democrat who represented the Syracuse area in Congress for two terms, would become one of five commissioners overseeing the agency that regulates the U.S. international ocean transportation system.
If confirmed […]
ILWU Local 32 members handle Boeing parts at the Port of Everett, WA.
From KING 5:
Dennis Kronewitter works on the Boeing Field flight line and is one of many who opposes the TPP.
At a meeting of the Machinists Union District 75, Kronewitter was getting 737s ready for delivery. Business these days has […]
According to the White House, the call for the building of the specialized ships comes as part of new investments to enhance safety and security in the changing Arctic.
U.S President Barack Obama called for funding the construction of new Coast Guard icebreakers on his recent visit to Alaska.
A Congressional Research Service report […]
U.S. President Barack Obama on Monday signed into law legislation that gives him “fast-track” power to push ahead on a Pacific Rim trade deal that has been the subject of intense debate in Congress and across the nation.
Flanked by some of the lawmakers who supported the bill through a six-week congressional battle, Obama acknowledged […]
Excerpts from an article in the Journal of Commerce:
Even before they endured four months of embarrassing and costly work slowdowns during contract negotiations between the ILWU and the PMA in 2014-15, California’s landlord container ports knew they had a congestion problem. They are now addressing the main cause of port congestion, which is outdated […]
From the Huffington Post:
President Barack Obama’s trade agenda suffered a setback Friday evening during a series of last-minute maneuvers in the Senate. While the upper chamber eventually passed a bill that would help Obama streamline a trade pact with 11 Pacific nations, the final product threw a wrench into the president’s plans.
The Senate […]
A day after suffering an embarrassing setback when Obama’s own party rebuked him on a major trade bill, Senate leaders said they have struck a deal to move forward on the measure.
Majority Leader Mitch McConnell and top Democrat Harry Reid announced the deal on the Senate floor on Wednesday afternoon.
The chamber […]
U.S. President Barack Obama pushed back against Sen. Elizabeth Warren, D-Mass., for her increasingly vocal attacks against a massive trade deal the president is seeking with 11 Pacific Rim nations. In an interview with columnist Matt Bai published Saturday, Obama accused his party’s most outspoken critic of his global trade policy of “being a […]
The business community is out with a six-figure television advertising campaign to support President Obama’s trade agenda.
The Trade Benefits America Coalition — which is backed by the Business Roundtable — will begin airing the ads on national cable networks and in targeted media markets across the country this week.
The ad buy comes as […]
US President Barack Obama and Japan’s Prime Minister Shinzo Abe are due to meet to discuss a significant trade deal for the Pacific Rim.
The discussion comes amid a week-long state visit to Washington by Mr Abe.
The deal has been in the making for about a decade. Both leaders have advocated for the partnership, […]
From Bloomberg News:
[S]hips’ crews were upbeat as last week’s accord over the Islamic Republic’s nuclear program brought the lifting of sanctions and the return to unfettered commerce one step closer. Few places are better located to benefit than the United Arab Emirates, Iran’s second-biggest trading partner after China since 2009, data compiled by […]