OPINION: Policy first, trade second
Trade deals are great, but to what end?
That’s the question posed by Alliance for American Manufacturing (AAM) President Scott Paul today in an opinion featured at Real Clear Politics. Paul says that trade deals to open markets for U.S. goods are worth consideration. But we’re significantly underplaying our hand in negotiations over the Trans Pacific Partnership (TPP) with Pacific Rim nations and with the Transatlantic Trade and Investment Partnership (TTIP) with the European Union.
Before we negotiate, we must get our own house in order, and we must seek far tougher trade terms. We have leverage, after all, as we remain the gold-standard consumer market in the world.
Our goal should be to cut the U.S. goods trade deficit in half by 2017. This can be accomplished by tackling Japanese and Chinese currency manipulation and by ensuring our workers and businesses aren’t forced to compete with state-supported industries abroad.
Trade can work, but America needs some policy fixes first, lest domestic companies and workers get left in the dust of these big-time deals.
Read more of Paul’s prescription for a sound manufacturing policy right here.
Related recent Blogs
- Kickstarting a manufacturing renaissance • by TGarland • 12/06/2013
- U.S. Manufacturing Gains 27,000 Jobs in November: Alliance for American Manufacturing (AAM) Statement. • by scapozzola • 12/06/2013
- Indiana manufacturing program expands • by TGarland • 12/05/2013
- Scott Paul: Keep skilled jobs for skilled workers in Washington • by mmcmullan • 12/05/2013
- A bad time to sideline trade talks • by mmcmullan • 12/04/2013
- Infrastructure investment means job creation • by TGarland • 12/04/2013
- December 4, 2013: Familiar trade deficit doldrums • by mmcmullan • 12/04/2013
- China trade deficit on pace for new record, but will anyone notice? Alliance for American Manufacturing (AAM) Statement. • by scapozzola • 12/04/2013
- What to do with abandoned factories? Bring in the artists! • by LDonia • 12/03/2013
- Surprise, surprise? Americans still say job creation should be top priority • by mmcmullan • 12/03/2013