Trump Administration Positions for a Tougher Stance in U.S.-China Trade

As both the American and Chinese trade teams digest commitments made during President Donald Trump’s dinner meeting with Chinese President Xi Jinping during the G20 Summit, it’s still unclear what exactly will come from the 90-day pause on tariff increases.

However, news that United States Trade Representative Robert Lighthizer is leading point for this next phase of U.S.-China trade negotiations suggests that the Trump administration is renewing its commitment to ending China’s unfair trade practices, which have long gone unchecked.

Lighthizer has an extended history of criticizing Chinese trade, opposing the country’s entry into the World Trade Organization in 2001.

This November a 53-page report released by the Office of the United States Representative detailed the unfair trade and intellectual property policies that advantage Chinese industry and found that these practices are ongoing despite China’s promises:  

“As the evidence gathered in this update demonstrates, China fundamentally has not altered its acts, policies, and practices related to technology transfer, intellectual property, and innovation, and indeed appears to have taken further unreasonable actions in recent months.”

Just how much Lighthizer will be able to accomplish in this short period of time during which trade talks will take place is unclear – resolving over 20 years of unfair trade practices over the course of 90 days sounds tricky, to say the least --- but he’s pulled off tight deadlines before. 

When the clock was running out for a new treaty to replace the North American Free Trade Agreement, Lighthizer managed to deliver the United States-Mexico-Canada Agreement, which was signed during the G20 Summit and will make its way through Congress.

So here’s hoping that Lighthizer pulls through again, keeping the U.S. trade team on course to hold China accountable and put an end to the trade cheating that has so harmed our nation’s workers and communities.

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Reposted from AAM

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

No Money for Pensions, But Plenty for Parties

Sam Pizzigati

Sam Pizzigati Editor, Too Much online magazine

Private equity work has been sweet for Marc Leder, the numero uno at Sun Capital Partners. He’s parlayed his takeovers of troubled firms into a fortune big enough to make him a co-owner of the Philadelphia 76ers in basketball and the New Jersey Devils in hockey. New York’s tabloids, meanwhile, have come to dub the hard-partying Leder “the Hugh Hefner of the Hamptons.” The secret to his success? Private-equity firms, notes Center for Economic and Policy Research economist Eileen Appelbaum, plunder assets from the companies they buy, then send them into bankruptcy to sidestep their obligations to workers. Over the past decade alone, Sun Capital has bankrupted five firms and left their pension funds $280 million short. Leder, for his part, claims that the “vast majority” of Sun Capital deals have been successful. And he only parties hearty, the private-equity kingpin adds, 25 nights a year.

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Embracing a Legacy

Embracing a Legacy