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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
Kevin L. Kearns, 11/22/2016

As the Trump transition team works to determine the top priorities for the new administration, a very serious problem requires the immediate attention of the new president: the future of our manufacturing industry. A healthy manufacturing base is critical to America's survival, both militarily and economically. Yet China poses a significant threat to our nation's all important manufacturing sector.

 

Kevin L. Kearns
 
11/16/2016

Kevin Kearns, president of the U.S. Business and Industry Council, said tax reform, health care, and spending projects on roads, bridges, and other projects seem destined to crowd out trade as part of Trump's first 100 days. But Trump, who won on the strength of voters in Democratic-leaning, blue-collar counties in the industrial Midwest, will be under pressure not to let the issue drop. Kearns said he expects the new president to take up NAFTA in the first six months. "I do think there's going to be some sort of renegotiation," he said. "The question is: How good will it be, and will it benefit the U.S. economy?"

 

 
Kevin L. Kearns, 11/11/2016

When Donald Trump embarks on his new trade agenda in January, he will face sustained resistance from those who opposed his primary and presidential campaigns — i.e., those whose views working Americans repudiated in the recent election. Essentially, Trump’s agenda has been criticized from the moment the Establishment realized back in March that he might actually win the primaries. There have been numerous op-eds, blogs, and TV appearances by the free-trade, status-quo crowd suggesting that Trump will destroy the U.S. and world economies if he tries to restore balance to the world trading system.

 

Kevin L. Kearns
 
More Opinion
Kevin L. Kearns, 8/22/2016
Mexican President Pena Nieto unleashed a real surprise this week when he offered to meet with Republican presidential nominee Donald Trump. It was a potentially wise change-of-heart for the Mexican leader. Nieto has previously said some unpleasant things about Trump, but he now seems willing to acknowledge Trump as the official GOP standard bearer. A Trump-Pena Nieto meeting, which could be totally private — with no press allowed, to prevent grandstanding by either side — might hand Trump a terrific (and possibly game-changing) opportunity to demonstrate statesmanship while boosting his standing among Latinos and other voters. Additionally, there are also surprising reasons why it would behoove Pena Nieto to forge more positive relations with his potential counterpart.
Kevin L. Kearns, 8/1/2016
Clinton campaign manager John Podesta told reporters earlier this week that Hillary Clinton and running mate Tim Kaine are “against the TPP before the election and against the TPP after the election.” Podesta was trying to allay the concerns of Sanders supporters, along with many others in the Democratic base, that Clinton, would follow in the footsteps of her husband if elected this November, and press for passage of the Trans-Pacific Partnership (TPP) and other free trade deals.
Kevin L. Kearns, 8/1/2016
Free trade not only cures cancer but also prevents aging! That should have been the lede of Douglas E. Schoen’s Fox News op-ed this week explaining his boundless, fact-challenged enthusiasm for free trade. If one believes Schoen, free trade and the global institutions supporting it are the wellspring of American exceptionalism and economic growth. Unfortunately, the opposite is generally the case. Free trade has hollowed out our economy and middle class, rather than supporting them.
Kevin L. Kearns, 7/21/2016
Donald Trump has made international trade a signature issue, his triumvirate being immigration, trade, and national/personal security. Does the Republican Party platform’s section on trade reflect Trump’s views?
Kevin L. Kearns, 5/26/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together – manufacturing.
Kevin L. Kearns, 5/25/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.
Kevin L. Kearns, 5/24/2016
President Obama is overseas, making a big pitch for his “legacy trade deal,” the Trans-Pacific Partnership (TPP). His rhetoric in favor of the TPP recalls his similar pumping of the Korea-U.S. free trade agreement. In selling KORUS to the American people, Obama claimed it was going to better the U.S. economy by providing new opportunities and new jobs. Instead, it has produced four years of trade deficits and tens of thousands of lost jobs.
Kevin L. Kearns, 5/23/2016
The U.S. International Trade Commission (ITC) has just released its Congressionally-mandatedreport detailing the potential economic outcomes of the Trans-Pacific Partnership (TPP). And while the ITC puts the best possible face on putative gains, it’s clear from the study that the trade deal not only won’t provide any large benefits for the U.S. economy but will also harm our all-important manufacturing sector.
Kevin L. Kearns, 5/19/2016
The U.S. International Trade Commission has released a report on the potential economic impacts of the Trans-Pacific Partnership (TPP.) And while the topline findings of the report suggest some minimal benefits, a thorough reading of the document reveals the trade deal's job-killing implications.
Kevin L. Kearns, 5/17/2016
Voters are going to the polls this year with economic worries uppermost in their minds. Although the “headline” unemployment rate has fallen to 5.0 percent, the labor force participation rate remains near historic lows, indicating that many people who might work are not doing so. Discouraged workers have given up looking for work, and middle-class jobs with benefits are scarce. One issue ties these troubles together — manufacturing.