Last updateSun, 20 Jan 2019 9pm


'Fair' Traders Are Perplexed By Obama's Pick for USTR

President-elect Barack Obama's selection of former Dallas, Texas, mayor Ron Kirk as his United States Trade Representative has thrown the fair trade community for a loop.

Kirk, a lawyer with the respected Houston firm of Vinson & Elkins, has been a supporter of the NAFTA superhighway and of free trade, both of which have been held in low regard of late among recently elected populist Democrats in Congress, and even among some Republicans.

Source: Manufacturing & Technology News

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Economic Crisis Leads Trade Associations to Regroup

Another victim of the financial crisis gripping the U.S. and the rest of the world are trade associations which are downsizing because of fewer members or reducing their budgets, including lobbying efforts.

The National Association of Manufacturers froze 2009 wages, reduced travel and entertainment expenses and laid off 17 workers.

Source: AHN

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Becerra Won't Take Trade Job

Rep. Xavier Becerra, D-Calif., said Tuesday he will stay in the House and pass on becoming U.S. trade representative in Barack Obama's administration.

Becerra emerged as the leading candidate for the post and interviewed with Obama earlier this month.

Source: AP

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Manufacturers Step on the Brakes

The U.S. manufacturing recession steamrollered through the third quarter, setting the stage for one of the worst global recessions in recent history, according to a report released Monday by the Manufacturers Alliance/MAPI, which tracks 27 industries.

"There was a sudden and acute acceleration of the decline in the industrial sector in September and October," said report author Daniel Meckstroth, the trade group's chief economist.

Source: Star Tribune (MN)

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