Trumka Details Labor’s Fight Against Fast Track and Bad Trade Deals

In an extensive interview with Vox.com, AFL-CIO President Richard Trumka outlines the labor movement’s fight against Fast Track, the flaws in the Trans-Pacific Partnership free trade agreement, the trade relationship between the United States and China and the shortcomings and negative impact on the middle class of the nation’s trade policy.

Below are excerpts from the interview. Click here for the full interview.

Fast Track

We’re opposed to Fast Track. It’s too important a decision, and it affects too many lives of too many people for too long to be done in the dark and then plunk something out of the dark, a thousand-page treaty, and say, ‘Vote it up or down with no amendments.’ We think that’s the most undemocratic thing you can do. We think that’s dangerous.

TPP

‘It also fails to help create jobs here because it doesn’t have strong rules of origin,’ Trumka says. In other words, Trumka fears that Chinese companies could put factories in a TPP country like Vietnam or ship raw materials to a TPP country for assembly, which would give China the preferential access to U.S. markets provided by the TPP without having to follow the TPP itself.

It [undermines] things like Buy American policies. Say the taxpayers in Minneapolis decide they want to use their money to do something and they want to make it a Minnesota product, [if] that violates this trade agreement, and it can be negated.

Currency Manipulation

[The TPP] fails to address currency manipulation. Currency manipulation…has or will cost us between 2.3 million and 5.8 millionjobs. China leads that group. Twenty countries have been determined to have manipulated their currency. And yet there’s nothing in the agreement to stop it. So all of the benefits they claim we could get from TPP, even if you assume every one of the benefits is right, could be wiped out the next day by a country manipulating its currency, to negate all this.

Trade

He also says that the AFL-CIO is not opposed to all trade liberalization; rather, they’re opposed to ones they consider detrimental to workers’ interests: ‘We’re opposed to bad trade deals, not trade deals.’

Click here for the full interview.

Reposted from AFL-CIO NOW

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