A Quote by Joseph Stiglitz
To someone like me, who has watched trade negotiations closely for more than a quarter-century, it is clear that U.S. trade negotiators got most of what they wanted. The problem was with what they wanted. Their agenda was set, behind closed doors, by corporations.
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Trump said we got snookered. That those agreements like NAFTA were the worst agreements ever and suggested that our trade negotiators were snookered by these smart negotiators from Mexico or Africa. It is laughable. I have watched these trade negotiations. We got what we wanted.
While trade agreements are negotiated in secrecy, behind-closed doors, we have learned enough from leaks to know that the result of passing TPA to 'fast track' these trade agreements would affect everything from food safety to environmental protection to consumer financial protections.
I just wanted to play and that's all I worried about. If someone wanted to trade for me, I always thought it was a good sign.
Canada and the United States are also working at the World Trade Organization and in our own hemisphere with negotiations for a Trade Area of the Americas to try to help countries create a positive climate for investment and trade.
The problem with NAFTA was with what we wanted. And there, the agenda had been set by our corporations. So what is true is that workers in the United States and workers in the developing countries were often disadvantaged. They were worse off. The big winners were our corporations.
The World Trade Organization is an organization that defends trade interests. I think the problem is less that they exist. The problem is that internationally we've only got an organization that protects trade interests. Surely we need some kind of counterweight to protect human rights and the environment, too.
To set us on the right course we need to create more opportunities for trade, particularly in developing countries, and we need to adjust global trade rules to better meet the needs of entrepreneurs in the 21st century.
but it wasn't just about my feelings. The more I got to know you, the more I was certain that you'd do whatever it took to provide for your family. That was important to me. You have to understand that back then, a lot of people our age wanted to change the world. Even though it's a noble idea, I knew I wanted something more traditional. I wanted a family like my parents had, and I wanted to concentrate on my little corner of the world. I wanted someone who wanted to marry a wife and a mother, and someone who would respect my choice.
Free-trade enthusiasts fret that regional trade arrangements divert more trade than they create.
We have to fundamentally rethink our trade policy and make it work not for the CEOs of large corporations, but for working people. So, if Trump wants to develop a rational trade policy which demands corporations start investing in this country, rather than China, that's something that we can work on.
I think that the European Union negotiators have gotten a shock. They were shocked when they realised the Brexit trade negotiations were not just going to be a continuation of those that happened under Theresa May.
People tend to think about trade as if it's competition between companies - if Apple wins, Google loses. But that's false. Trade makes nations better off in general. Now, I want to be clear. I'm not saying that everything about trade is good and beneficial. Trade also has costs.
A TV touchstone for me is 'The Days and Nights of Molly Dodd.' That series was whimsical and smart and had the mix of comedy and drama that I now trade in - but with a dash of magical realism. I wanted to be Molly Dodd, but more than that, I wanted to be Jay Tarses, who created the show.
Making the most of global trade opportunities does not mean transitioning to a low-tax, deregulatory, 'Bargain Basement' economy. It means developing a robust Industrial Strategy intertwined with a strong trade agenda.
I would not trade any of these features for anybody else’s. I wouldn’t trade the small thin-lipped mouth that makes me resemble my nephew. I wouldn’t even trade the acne scar on my right cheek, because that recurring zit spent more time with me in college than any boy ever did.
China are running trade deficits with the rest of the world. If you look at the U.S. trade deficit, it's close to $800 billion trade in goods. Half of that is with China, so it's a big part of the problem. And the problem with China, as opposed to, say, Canada, is that China cheats.
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