[CTC] New Report: How US Trade Policy Failed US Workers - And How to Fix It

[Arthur Stamoulis]

---------- Forwarded message ---------
From: Global Development Policy Center <gdp at bu.edu <mailto:gdp at bu.edu>>
Date: Wed, Sep 16, 2020 at 8:40 AM
Subject: New Report: How US Trade Policy Failed US Workers - And How to Fix It
To: <manuel at ips-dc.org <mailto:manuel at ips-dc.org>>


 






A new report <http://r20.rs6.net/tn.jsp?f=001WHC8Nk3ZUu7g_uq0HC3EoLTAPv27ZqjN44YmAAOpVyk3K15IhlPQ0wuoL1tBDbQGKw1YDzmVGKRmVWgoMqaXWVAyS_U1ara9m3Jt0qnj57zb352DEd8cHAnWcpdmNFRLibi8FZVRoCRGB0ODoLH1T-GUNcNFEP0ImptNFvW7rE_75wJ0nky3qnLmMCBfh6ZYYVf1Ns37Z2OqFl2V6mzblDs1z5gkP1bjiq_pf5TOmTpRBk6l5ggkQg==&c=EfAK-du73jyB5xAwXDZyHZOni2j7rUUOpJxCjJGClv_J4j_docFHJg==&ch=vX_gQWAB7b1YwJlEAzbBvsiMtuFiwbJ3Y7TEzSi8bGTprebbORIwmg==> from the Global Development Policy Center, Groundwork Collaborative and Institute for Policy Studies examines U.S. trade policy, USMCA, and the Trump administration's trade war with China, finding negative impacts to the US economy and workers in Ohio and Michigan.

Main findings include:

Recovery in Michigan's manufacturing sector slowed under Trump to 1% each year on average, down from 4.4% under Obama:

Total employment growth in Michigan during the 3 full years of Trump's presidency was by far the lowest in a decade:

The trade deficit under Trump has soared since he took office from Obama, rivaling the George W. Bush administration trade deficits: 

Ohio manufacturing wages declined during the Bush administration, recovered slightly under Obama, and declined again under Trump:

Trump's trade wars undoubtedly contributed to the sharp slowdown in the Ohio's employment growth observed in 2019:

U.S. and global trade policy has enabled extensive offshoring in the pharmaceutical and medical equipment industries and severely diminished production in the U.S:

Read the full report <http://r20.rs6.net/tn.jsp?f=001WHC8Nk3ZUu7g_uq0HC3EoLTAPv27ZqjN44YmAAOpVyk3K15IhlPQ0wuoL1tBDbQGKw1YDzmVGKRmVWgoMqaXWVAyS_U1ara9m3Jt0qnj57zb352DEd8cHAnWcpdmNFRLibi8FZVRoCRGB0ODoLH1T-GUNcNFEP0ImptNFvW7rE_75wJ0nky3qnLmMCBfh6ZYYVf1Ns37Z2OqFl2V6mzblDs1z5gkP1bjiq_pf5TOmTpRBk6l5ggkQg==&c=EfAK-du73jyB5xAwXDZyHZOni2j7rUUOpJxCjJGClv_J4j_docFHJg==&ch=vX_gQWAB7b1YwJlEAzbBvsiMtuFiwbJ3Y7TEzSi8bGTprebbORIwmg==>


 ‌  <http://r20.rs6.net/tn.jsp?f=001WHC8Nk3ZUu7g_uq0HC3EoLTAPv27ZqjN44YmAAOpVyk3K15IhlPQ0xACGj-z-fCN6IoN-NS5u1eAS0uufCFTHq8Xi_NzS6DOHudTGhzm2qsEdFHw3zdx1RjNRlW7I91oetamtJz0a0ceS-1t04v4Ng==&c=EfAK-du73jyB5xAwXDZyHZOni2j7rUUOpJxCjJGClv_J4j_docFHJg==&ch=vX_gQWAB7b1YwJlEAzbBvsiMtuFiwbJ3Y7TEzSi8bGTprebbORIwmg==>  ‌  <http://r20.rs6.net/tn.jsp?f=001WHC8Nk3ZUu7g_uq0HC3EoLTAPv27ZqjN44YmAAOpVyk3K15IhlPQ08VQTebP8MCA_8nmTelqJTJdeUOvO0QY5V13z4fihDZlR_fd-CXV5lb5ncZLA45nBcWSZukCYvzsC68xtMN5ktz8aiSIDiCI5HKS4s2_IuBBF_BAM-TVR7hp2eQ5JeXmjQKombuR1j-zCPFbHCR5Rj0=&c=EfAK-du73jyB5xAwXDZyHZOni2j7rUUOpJxCjJGClv_J4j_docFHJg==&ch=vX_gQWAB7b1YwJlEAzbBvsiMtuFiwbJ3Y7TEzSi8bGTprebbORIwmg==>  ‌  <http://r20.rs6.net/tn.jsp?f=001WHC8Nk3ZUu7g_uq0HC3EoLTAPv27ZqjN44YmAAOpVyk3K15IhlPQ073H4hHLUtVOxAbCWYmAtAUAsOck3M7YDw9KAhk7oaSYJyLDW-GntWJq2DBQ_hIopK2yyMSwH7lyLi1dX7ub2e0J4j0BuGC4wK-o7EZeOvxd&c=EfAK-du73jyB5xAwXDZyHZOni2j7rUUOpJxCjJGClv_J4j_docFHJg==&ch=vX_gQWAB7b1YwJlEAzbBvsiMtuFiwbJ3Y7TEzSi8bGTprebbORIwmg==>

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