Statement | Trade

News from EPI A Well-Deserved Defeat on Trade Policy

I have been engaged in policy deliberations around trade adjustment for thirty-seven years. What was being considered in Congress today was a shell of the initial program and funded by cutting Medicare to boot. The defeated bill was nowhere close to sufficient for the American workers who will lose their livelihoods and suffer lower wages because of trade deals. The case for defeating the bill was overwhelming.  One can only hope that the president and Congress stop pursuing misguided trade policies and instead seek fast track for bills to achieve full employment, raise the minimum wage, and invest in our cities and infrastructure.

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