Worker-Centered Trade Policy The Biden Administration’s proposed “worker-centered” trade policy (people are not just consumers, they are also workers and wage earners) is confusing enough that the National Press Club Foundation held a session today to try and help reporters understand it. The session did not help. A free trade representative tried to explain that the U.S. only has preferential access (below MFN tariffs) to 10 percent of the world’s consumers at the same time competitors (EU, Canada) have negotiated better access to at least 50 percent. However, push back from a union representative and a trade skeptic declared previous trade agreements weak on labor provisions and solely focused on corporate...
From WPI Consulting
Communicating importance of value-added products
Facing increasing pressure to quantify the value of export promotion efforts to investors, a U.S. industry organization retained WPI to develop a quantitative model that better communicated the importance of exports. The resulting model concluded that value-added meat exports contributed $0.45 cents per bushel to the price of corn, increasing support for that sector’s financial support of WPI’s client. In addition to serving the red meat industry with this type of analysis, WPI has generated similar deliverables for the U.S. soybean and poultry/egg industries.