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Showing blog posts tagged with China

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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Want to Create 5.8 Million New Jobs? Here’s How

Want to Create 5.8 Million New Jobs? Here’s How

If the United States acted forcefully to end currency manipulation by China and other nations—and there is legislation to provide the government the tools to do so—it could create as many as 5.8 million jobs (40% in manufacturing) and reduce the nation’s trade deficit by as much as 72.5%, according to a new report from the Economic Policy Institute (EPI).    

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Economic News Roundup

Economic News Roundup

The Economic Policy Institute (EPI), the Center on Budget and Policy Priorities (CBPP), the Center for Economic and Policy Research (CEPR) and Media Matters have released important research about the economy in the past few weeks. Here's a look at some of the key pieces they have uncovered about the U.S. economy.

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Trade Deficit Numbers Show Policy Changes Needed

Trade Deficit Numbers Show Policy Changes Needed

The trade deficit numbers released today provide more evidence that U.S. trade policy needs to change, said AFL-CIO President Richard Trumka.

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A BIT with China Is the Wrong Solution to the Wrong Problem

Photo via TwicePix/Flickr

The United States is currently negotiating a bilateral investment treaty (BIT) with China. When most people think of a “bit,” they think of something that goes in a horse’s mouth, or maybe a small piece of something. Unfortunately, this kind of BIT can be much more harmful than either of those things. A BIT is a treaty between two countries in which each country promises to give rights and privileges—but impose no obligations—to investors from the other country. Usually these investors are large corporations. If you wonder why the United States would negotiate a treaty that grants rights and privileges to foreign corporations (rights and privileges home-grown corporations don’t have, by the way), you’re not alone.

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9 Things You Didn't Know About Our Trade Deficit with China

Photo courtesy bitzcelt

In 2001, China joined the World Trade Organization (WTO). America's workers have felt the consequences ever since.

A new report from the Economic Policy Institute examines the primary result in the United States of China's entry into the WTO, a massive increase in the trade deficit between the two countries, favoring China. The report's author, Robert E. Scott, concludes that the trade deficit with China drives down wages and benefits in the United States and eliminates good jobs for U.S. workers.

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