On Resignation of Gary Cohn

By Lori Wallach
Director of Public Citizen’s Global Trade Watch

It is very telling that for Cohn, a Democrat, the final straw in leaving was not Trump’s horrifying response to the Charlottesville white supremacist uber-hate fest or endless attacks on Mexicans and Muslim, but a steel trade enforcement action involving tariffs that would be 5 percent lower than the steel trade action enacted by Pres. George W. Bush in 2002.

That Cohn is a Democrat did not stop him from joining the Trump administration, but that his departure would be spurred over a trade policy dispute reveals that his years on Wall Street at Goldman Sachs apparently made his one unbending principle the defense of the corporate-managed trade policies that have outsourced millions of middle class jobs and pushed down Americans wages.  


Posted In: Union Matters

Union Matters

Tariffs Can Lift Up America

From the AFL-CIO

For years, America’s labor movement has called for targeted measures to counteract trade violations by China, which has used cybertheft, discriminatory policies and illegal government subsidies to systematically undermine U.S. technologies and intellectual property and gain unfair advantages in trade.

“Tariffs aren’t an end goal, but an important tool to end trade practices that kill American jobs and drive down American pay,” said AFL-CIO President Richard Trumka.

America and our allies can and should employ tariffs to strategically target bad actions by trade partners when diplomacy fails.

China routinely has used cybertheft, discriminatory policies and illegal government subsidies to gain anti-competitive advantages that  harm America’s industries, including aerospace products, computer technologies, movies, steel and aluminum, as well as other critical technologies and intellectual property.

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