November 13, 2013: Everyone's got beef with the TPP
The Obama administration is banging the drum hard to get a Trans-Pacific Partnership (TPP) deal wrapped up. In fact, there’s a cabinet secretary -- Treasury chief Jack Lew -- traveling around Asia right now to push its completion. And U.S. Trade Representative Michael Froman spent this morning singing the TPP's praises to James Fallows as part of the Washington Ideas Forum. But all of Lew’s hustle, and all of Froman's praises might be for naught, because the TPP is running into some serious road bumps on Capitol Hill and it would appear that everyone has some serious beef with this trade deal. Reports Zach Carter for the Huffington Post:
Strongly worded letters to President Barack Obama Tuesday were signed by hardline tea partiers, true-blue progressives, and moderate, corporate-friendly lawmakers in both parties, indicating political trouble for a trade deal the administration had hoped to seal by year end.
Don’t forget, these follow letters signed by majorities of both the House and the Senate that take issue with the TPP’s lack of a rule to curb currency manipulation. Yikes. Negotiating this trade deal is getting hairy. How’s it all gonna shake out?
Elsewhere around the web:
President Obama will head to Cleveland tomorrow to talk about the economy and the state of American manufacturing at an ArcelorMittal plant, says Henry J. Gomez for Cleveland.com. ArcelorMittal Cleveland is the steelmaker’s most productive mill in North America.
Here’s a preview of President Obama’s visit from Alliance for American Manufacturing President (AAM) Scott Paul:
Wait, you can’t see the video? Dang. Click here to get it.
ICYMI: Chicago’s Willis (née Sears) Tower may only be the second-tallest skyscraper in the U.S. -- a benevolent announcement made by the Chicago-based arbiter of such matters. Still, the Windy City remains a mover and a maker. A new Brookings analysis shows Chicago is a freight powerhouse and a manufacturing hub that generates $206 billion worth of high-value exports, write Peter Skosey and Chrissy Mancini:
The new report shows Chicago’s market is fairly balanced—in contrast to the country’s international trade deficit. More than any other metro area, Chicago optimizes a vast network of local supply chains to source raw materials to support a strong advanced manufacturing sector that requires immediate access to transportation channels.
Tomorrow: AAM’s Brian Lombardozzi will be joined by a pair of experts -- Stacey Wagner, of the National Institute of Standards and Technology; and Sridhar Kota, professor of mechanical engineering at the University of Michigan -- in a Google hangout to discuss small and mid-sized manufacturers’ contributions to American innovation. Got a question? Ask it! Join the Google hangout tomorrow at 2 p.m.
The jobs report came out last week.
But there’s more to the monthly jobs report than just numbers. There are people behind the data, and their stories deserve to be heard. Do you have one to tell? Have you – or your friends, family, or neighbors – started looking for work recently? Have you stopped? Send in your jobs report to info [at] aamfg [dot] org, tweet it to us at @keepitmadeinUSA, or contact us via Facebook. And read the ever-updating report right here.
Happy hump day, America.
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