|Trade News Archive: 28 February - 6 March|
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U.S. international economic and trade policy.|
|Thursday, March 05, 2015|
East St. Louis manufacturing facility to close
St. Louis Business Journal
Comment: "Huntsman Corp. plans to close its East St. Louis manufacturing facility.
The Texas-based chemical company said it was closing four sites by the end of 2015. All of the locations, including in Georgia, Pennsylvania, and Germany, are leased, and the products produced there will be supplied by other Huntsman facilities, the company said."
|Wednesday, March 04, 2015|
Unions take campaign against trade deals to Capitol Hill
Comment: "U.S. officials are working hard to win Democrat support for fast track and the broader trade agenda, arguing that tough labor standards in the TPP will improve the lot of workers overseas, and that lowering trade barriers creates opportunities for U.S. producers and workers."
Fate of Obama’s Trade Agenda May Rest on Oregon Senator
New York Times
Comment: "Representative Paul D. Ryan of Wisconsin, the Republican chairman of the House Ways and Means Committee, says he cannot go forward with such “fast track” authority until the Senate can produce a bipartisan version. Senator Orrin Hatch of Utah, the Republican chairman of the Finance Committee, says he cannot produce one without the support of his committee’s ranking Democrat, Mr. Wyden."
|Tuesday, March 03, 2015|
Greif closing plants in Missouri, Louisiana, Germany
Columbus Business First
Comment: "The Delaware packaging company said Tuesday it is closing steel drum manufacturing facilities in Fenton, Missouri, and Harahan, Louisiana, and moving the work to other Grief factories in the U.S."
U.S. talks on fast track trade bill 'stuck': senator
Comment: "Bipartisan talks on how to speed trade deals through the U.S. Congress are deadlocked and legislation is unlikely to come up for debate before April, a senior Republican senator said on Tuesday, tightening the timeframe to finish a Pacific trade pact before the U.S. election season."
|Monday, March 02, 2015|
Dan DiMicco: Why 'American Made' is the Answer
Comment: “We’ve never had free trade,” DiMicco writes. “At best, we have managed trade. At worst, we have predatory and protectionist countries unfairly exploiting our belief in free trade to their advantage.”China and other countries use currency manipulation, VAT taxes, subsidies and various regulatory schemes to support their domestic manufacturers, says DiMicco. He cites research by the Economic Policy Institute that China’s currency manipulation has cost the U.S. 2.1 million jobs and added $217 billion to the U.S. trade deficit."
Made in America – Capel Rugs' Stronghold in North Carolina
Comment: "Many textile companies have moved overseas. In fact from 1992-2012 the industry in North Carolina lost 86.7% of its employees.Capel Rugs chose not to move. They did look into different locations, and they source globally, but they have kept the plants in the state. They have seven plants in Troy. “Having our manufacturing in the U.S. is a huge advantage for us,” says Richard. “We are a vertical company. From the raw product to the finished product, it's all under one roof. This allows us an advantage both over speed and the quality as we control the whole process.”
|Sunday, March 01, 2015|
Dresser-Rand plans major job cuts
Houston Business Journal
Comment: "Houston-based Dresser-Rand Group Inc. (NYSE: DRC) will cut 8 percent of its global workforce, or almost 650 jobs, as the energy sector continues to struggle."
|Saturday, February 28, 2015|
Why Paccar is staying out of China – for now
Puget Sound Business Journal
Comment: "The company does have Chinese business, but not the direct joint venture operations required by the Chinese government for companies to produce products in the country."