Republicans are bashing House Democrats for not approving the Trump-negotiated replacement for NAFTA known as the United States-Mexico-Canada Agreement (USMCA). Here are the facts: USMCA as drafted last year left US workers exposed to losing their jobs to Mexico, included unacceptable provisions to lock in high prescription drug prices, fell short on environmental standards and […]Continue reading
“Unbelievable” Economic Claims Are Indeed.
We need to be well-versed in the realities of our economy as we move into the 2020 Election. Trump and other Republicans will be distorting reality and claiming credit for a thriving economy. Thanks to a recent Washington Post Finance column, here are some facts to keep in mind. Median Household Income In nominal terms, […]Continue reading
China Trade Deal?
We’ve been saying ever since Trump trumpeted his new “deal” with China last week that nobody gets credit for partially fixing a problem they created themselves. Well, it turns out that it’s worse than that. Here’s the upshot from the Washington Post Finance people this morning: “[N]ews this morning that the Chinese want to hold more […]Continue reading
Tariffs, Trade Pacts, and Trade Wars
This week Trump announced huge new tariffs on imports of steel and aluminum. He lost his chief economic advisor, Gary Cohn, as a result. More than 100 Republicans in Congress have asked him to reconsider. And, the Republican head of the Senate Senate’s Homeland Security and Government Affairs Committee announced a review that includes asking […]Continue reading
Trump, The Great Negotiator, Fails Again
The Trump administration’s 100 days of trade talks with China ended with a whimper on Wednesday, as the two sides failed to reach a breakthrough agreement. The Washington Post’s Ana Swanson reports: “The United States unsuccessfully pressed China to make a substantial commitment to cut its steel production, according to people with knowledge of the matter, […]Continue reading