Tai Not Lighthizer? In one of the odder developments, Congressional Democrats are complaining about a lack of consultation by USTR over trade policy pursuits like the Indo-Pacific Economic Framework and the Americas Partnership for Economic Prosperity. There are three incongruities about the situation:
Congressional Democrats claim to support the “worker-centric” objectives of the Biden trade policy. USTR Katherine Tai is a product of Capitol Hill and otherwise has close ties with the Democratic leadership. Some of the same Democrats complaining now squirmed over Donald Trump’s trade policy but praised USTR Robert Lighthizer for his efforts to consult with them.
Cart Before the Horse Hugo Rodrigues is a career U...
What You Need to Know Today: Russia rejected calls for a ceasefire in the Black Sea, including a proposal to halt attacks on civilian shipping that could help restore grain flows from Ukrainian ports. Tyson Foods announced plans to permanently close its Joslin, Illinois, beef processing facili...
The big news in the cattle markets yesterday was Tyson Foods’ move to close two more beef plants. One of them, the Joslin, Illinois, plant was shuttered immediately after the announcement. The other, in Eagle Mountain, Utah, is a case-ready plant that does not slaughter cattle. Tyson also...
The Bureau of Labor Statistics (BLS) released the Consumer Price Index (CPI) on Wednesday. In July, the CPI rose 0.1 percent, seasonally adjusted, and rose 3.4 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy, or the “core” infla...
