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AmericanEconomicAlert.org Opinion
Editorial updates from the research staff at USBIC:
5/21/2015

Washington — The US Business and Industry Council today strongly encouraged Senators to vote to include the Portman-Stabenow currency amendment in fast track Trade Promotion Authority legislation. The amendment will place enforceable disciplines against the manipulation of currency for competitive advantage among the negotiating instructions Congress gives the Executive as the latter tries to conclude the 12 nation trade deal known as the Trans-Pacific Partnership.

 

 
Kevin L. Kearns, 5/20/2015

For more than a decade, Michigan manufacturers have seen their export competitiveness undercut by countries that engage in “currency manipulation.” Recently, Sen. Dennie Stabenow took a stand against countries that illegally undervalue their currency when she offered an amendment to President Obama’s request for “fast track” trade authority. Stabenow wanted to make Congressional approval of any new U.S. trade deals contingent on strong action against overseas currency manipulators.

 

Kevin L. Kearns
 
Kevin L. Kearns, 5/16/2015

President Obama has spent the past six years negotiating a Trans-Pacific Partnership trade deal behind closed doors. The agreement, touted as a boost for America’s manufacturers and their workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.

 

Kevin L. Kearns
 
More Opinion
Kevin L. Kearns, 5/15/2015
President Obama has spent the past six years negotiating a Trans-Pacific Partnership trade deal behind closed doors. The agreement, touted as a boost for America’s manufacturers and their workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.
Kevin L. Kearns, 5/15/2015
For more than a decade, Michigan manufacturers have seen their export competitiveness undercut by countries that engage in "currency manipulation."
Kevin L. Kearns, 5/15/2015
President Obama has spent the past six years negotiating a Trans-Pacific Partnership (TPP) trade deal behind closed doors. The agreement, touted as a boost for America's manufacturers and their workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore, and Malaysia.
Kevin L. Kearns, 5/15/2015
President Obama took a corporate bribe last Friday, and in full view of the national press corps, which generally gave him a pass. The quid pro quo occurred during a visit to Nike headquarters in Beaverton, Oregon, a gleaming, modern complex built on the backs of Nike’s third-world industrial serfs.
5/14/2015
Congress should not permit President Obama to negotiate a free trade agreement with Pacific nations without tough new rules to stop currency manipulation and other cheating on trade deals.
5/14/2015
My family bought the Cummins Allison Corporation in 1942. My grandfather and father worked hard to build a company that today is known worldwide for its commercial coin and currency processing equipment and counterfeit detection systems. We employ nearly 1,200 Americans, the large majority of whom reside in the Chicago area. These workers and their families, along with the thousands of jobs we help to support through our vendors and service providers, contribute significantly to the local economy. All of our products are designed and manufactured in the Chicago area. We are the last U.S.-owned manufacturer of coin and currency authentication equipment. There used to be many other domestic companies in this important industry, protecting the integrity of our nation’s currency. But that was before Washington decided to open our economy to trade with countries that do not respect the rule of law or fair trade.
Kevin L. Kearns, 5/14/2015
For more than a decade, Michigan manufacturers have seen their export competitiveness undercut by countries that engage in currency manipulation. This week, Sen. Debbie Stabenow took a stand against countries that illegally undervalue their currency when she offered an amendment to President Barack Obama’s request for “fast track” trade authority. Specifically, Stabenow wanted to make congressional approval of any new U.S. trade deals contingent on strong action against overseas currency manipulators.
Kevin L. Kearns, 5/13/2015
President Obama has spent the past six years negotiating a Trans-Pacific Partnership (TPP) trade deal behind closed doors. The agreement, repeatedly touted as a boost for America’s manufacturers and workers, would open the U.S. market to a slew of imports from 11 nations, including Vietnam, Japan, Singapore and Malaysia.
Kevin L. Kearns, 5/12/2015
For more than a decade, Ohio manufacturers and farmers have seen their export competitiveness undercut by countries that engage in "currency manipulation." Recently, Sen. Rob Portman took a stand against countries that illegally undervalue their currency when he offered an amendment to President Barack Obama's request for "fast track" trade authority. Specifically, Sen. Portman wanted to make congressional approval of any new U.S. trade deals contingent on strong action against overseas currency manipulators.
Kevin L. Kearns, 5/12/2015
For more than a decade, Michigan manufacturers have seen their export competitiveness undercut by countries that engage in “currency manipulation.” Recently, Sen. Debbie Stabenow took a stand against countries that illegally undervalue their currency when she offered an amendment to President Obama’s request for “fast track” trade authority. Specifically, Sen. Stabenow wanted to make Congressional approval of any new U.S. trade deals contingent on strong action against overseas currency manipulators.