2018 seems to be the year of the Progressive trade agreement. The Trans-Pacific Partnership has been renamed the “Comprehensive and Progressive Agreement for Trans-Pacific Partnership” (CPTPP). Canada has floated proposals in the NAFTA renegotiation that it has advertised as progressive. Why? Populists in 2016 reminded us that trade agreements are inherently not progressive. Economic theory…
Earlier this month Politico reminded us that, in the talks with the Koreans about KORUS, the Trump Administration is not following the procedures set out under Trade Promotion Authority. The theory is that the Administration doesn’t plan to change U.S. law, no Congressional vote is required, and thus TPA isn’t applicable. So far so good. …
Is short-termism on its way out? Steven Pearlstein of the Washington Post has posited as much, in the wake of the departure of one CEO after another from White House advisory councils after the Charlottesville protests. He argues that this event is likely to be looked back upon as a turning point in the evolution…
The House Ways and Means Trade Subcommittee invited submissions in connection with its hearing on modernizing NAFTA. This is the Executive Summary of American Phoenix’s comments. The full comments can be found here. In the past year, the backlash against globalization has expressed itself through Brexit, the withdrawal of the U.S. from the Trans-Pacific Partnership,…
The debate over trade policy seems to lead to only two possible views: on one side, trade is responsible for the decline of the American middle class; on the other, trade is always beneficial, regardless of the rules. Each side has a pejorative label for the other, so that we live in a world where…