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China’s Currency Devaluation Deepens Unfair Trade Practices

China’s Currency Devaluation Deepens Unfair Trade Practices

AFL-CIO President Richard Trumka made the following statement after China’s latest currency manipulation:

China’s recent currency devaluation—by nearly 4% on Tuesday and Wednesday—provides further confirmation that the failure to include enforceable currency disciplines in the Trans-Pacific Partnership leaves a gaping hole in U.S. trade policy.

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Trumka Details Labor’s Fight Against Fast Track and Bad Trade Deals

 In an extensive interview with Vox.com, AFL-CIO President Richard Trumka outlines the labor movement’s fight against Fast Track, the flaws in the Trans-Pacific Partnership free trade agreement, the trade relationship between the United States and China and the shortcomings and negative impact on the middle class of the nation’s trade policy.

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Trumka to Address Trade, TPP in Live Webcast Today

Trumka to Address Trade, TPP in Live Webcast Today

In a live webcast today, AFL-CIO President Richard Trumka will discuss U.S. trade policy and American workers. The address and follow-up discussion will begin at 12:15 p.m. EDT from the Peterson Institute for International Economics. The webcast will be available here.

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New Bipartisan Bill Cracks Down on Currency Manipulation

New Bipartisan Bill Cracks Down on Currency Manipulation

A bipartisan group of senators and representatives unveiled legislation Tuesday to clamp down on countries—like China—that cheat trade law by manipulating their currency. That cheating has cost millions of U.S. manufacturing jobs and is a major reason for the massive U.S. trade deficit.

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Wal-Mart’s Manufacturing Recovery?

Wal-Mart’s Manufacturing Recovery?

President Barack Obama, in his State of the Union address, told Americans that manufacturing in the United States is back. The president is right to applaud job creation in manufacturing. But both elected leaders and the public should be wary of one company, in particular, falsely taking credit for this “manufacturing renaissance”: Wal-Mart.

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Economic News Roundup

The Economic Policy Institute (EPI) has released important research about the economy in the last few weeks. Here's a look at some of the key pieces it has uncovered about the U.S. economy.

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The World Trade Organization Strikes Again, Undermines U.S. Law and U.S. Workers!

WSLC photo

Once again, a World Trade Organization (WTO) dispute settlement panel has issued a decision that leaves American manufacturers—and those who work for them—behind. In two separate decisions just released (Case DS436, concerning carbon steel from India, and Case DS437, concerning solar panels and 16 other products from China), the WTO ruled that the United States had violated its WTO obligations in the manner that it applied countervailing duties on products from the two countries.

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U.S.-China Trade Deficit Is One More Reason We Need Trade Policies that Lift Up Working People

In case you missed it at the end of June (and who can blame you, really?) trade numbers between the United States and China were recently released for the month of April 2014, providing us with another month’s worth of reasons for why U.S. trade policy needs to change.

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Statistics that Spin: Foreign Goods to Be Considered U.S. Goods?

Illustration from Educating Humanity

This past year, President Barack Obama’s commitment to rebuilding our nation’s manufacturing sector has taken center stage. In February, he explained why producing goods here at home is important to our country:

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Walmart Store Closures in China Disrupt Workers' Lives and Livelihoods

Workers at Walmart stores in Changde, Hunan Province, and Ma’anshan, Anhui Province, in China are protesting Walmart’s plans to close the stores.

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