PLEDGE NOW
Free Trade Trouble

President Obama is pushing for two big new trade deals – in the Pacific, with Europe. Democrats are resisting. We’ll dig in.

U.S. Secretary of State John Kerry, second right, speaks with his country's Trade Representative Michael Froman, as New Zealand Prime Minister John Key, second left, speaks with his Trade Minister Tim Groser, left, at the Trans-Pacific Partnership meet in Bali, Indonesia, Tuesday, Oct. 8, 2013. Leaders of the dozen countries involved in the U.S.-led Trans-Pacific Partnership met in Bali after the Asia-Pacific Economic Cooperation (APEC) summit to work on plans for a free trade area they hope will eventually encompass the entire region. (AP)

U.S. Secretary of State John Kerry, second right, speaks with his country’s Trade Representative Michael Froman, as New Zealand Prime Minister John Key, second left, speaks with his Trade Minister Tim Groser, left, at the Trans-Pacific Partnership meet in Bali, Indonesia, Tuesday, Oct. 8, 2013. Leaders of the dozen countries involved in the U.S.-led Trans-Pacific Partnership met in Bali after the Asia-Pacific Economic Cooperation (APEC) summit to work on plans for a free trade area they hope will eventually encompass the entire region. (AP)

In 2014, Americans have had a lot of experience with global free trade.  It was 20 years ago this month that the North American Free Trade Agreement, NAFTA, went live.  We’ve seen and learned.  Now, President Obama is pushing for giant new free trade deals across the Atlantic and the Pacific.  And it’s rough going, starting in his own party.  Harry Reid may have driven a stake through the heart of the trade push yesterday.  It’s high stakes for labor, industry, jobs, global competition.  This hour On Point:  free trade now, and “high noon” for big deals with Europe and the Pacific.

– Tom Ashbrook

Guests

William Mauldin, international economics and trade correspondent for The Wall Street Journal. (@willmauldin)

Jim Kolbe, senior transatlantic fellow for the German Marshall Fund of the United States. Former 11-term Congressman (R-Arizona). Strategic consultant to the Council on Foreign Relations.

Mark Weisbrot, co-director of the Center for Economic Policy Research. (@markweisbrot)

From Tom’s Reading List

Wall Street Journal: Reid Deals Body Blow to Obama on Trade — “Senate Majority Leader Harry Reid broke publicly with the White House Wednesday on trade policy, instantly imperiling two major international trade deals and punching a hole in one piece of the economic agenda the president outlined in his State of the Union address a day earlier. Mr. Reid told reporters he opposed legislation aimed at smoothing the passage of free-trade agreements, a vital component to negotiating any deal, and pointedly said supporters should back down.”

The Guardian: NAFTA: 20 years of regret for Mexico — “Our neglected infrastructure aside, it is easy to see that NAFTA was a bad deal for most Americans. The promised trade surpluses with Mexico turned out to be deficits, some hundreds of thousands of jobs were lost, and there was downward pressure on US wages – which was, after all, the purpose of the agreement. This was not like the European Union’s (pre-Eurozone) economic integration, which allocated hundreds of billions of dollars of development aid to the poorer countries of Europe so as to pull their living standards up toward the average. ”

Washington Post: In Davos, nations vow to extend global trade deal — “WTO Director-General Robert Azevedo said negotiating process must be transparent and inclusive, so every member can have a voice and participate, but that ‘the do-ability test is very important” in working toward an expanded free-trade deal that balances “ambition and realism.’ The Bali deal could boost global trade by $1 trillion over time, and its centerpiece was an agreement on measures to ease barriers to trade by simplifying customs procedures and making them more transparent.”

Please follow our community rules when engaging in comment discussion on this site.
ONPOINT
TODAY
May 22, 2015
Crashed cars with airbags deployed are shown to visitors as part of the display of Toyota Motor Corp.'s safety performance standards at the automaker's exhibition hall in Toyota, central Japan. (Shuji Kajiyama/AP)

ISIS rolls on. A TPP vote. Biggest recall ever – airbags. And Letterman’s last bow. Our weekly news roundtable goes behind the headlines.

May 22, 2015
The Barden Bellas, the all-female a cappella group at the center of Pitch Perfect 2. (Richard Cartwright/Universal Pictures via AP)

Pitch Perfect 2 is the number one movie in the country, and it’s over the top on a capella.

RECENT
SHOWS
May 21, 2015
Ships dock at the piers at the seaport town of Murmansk on the Kola peninsula in Russia. Russian authorities have detained a Greenpeace ship 'Arctic Sunrise' and 27 crew and they face charges when they arrived at Murmansk. (Efrem Lukatsky/AP)

The Arctic Circle is opening up at a gallop as the ice disappears. Oil, gold, armies, spies. Big opportunities and fear of the consequences.

 
May 21, 2015
In this photo taken Sunday, Dec. 21, 2014, late light falls on Wheeler Hall, South Hall and the Campanile on the University of California campus in Berkeley, Calif. This famously liberal college town is known as the cradle of the Free Speech Movement, but speech isn’t the only thing that’s free here. Whether you’re strolling the redwood-shaded University of California, Berkeley, campus, or slipping across the Oakland border for a dose of Golden State history, you can exercise your limbs and your intellect without giving your wallet a workout. (AP Photo/Eric Risberg)

With student debt topping $1 trillion, a renewed call for radical change – maybe even free public university tuition. We’ll hear more about it.

On Point Blog
On Point Blog
A Former Bike Gang Member Explains "The Life"
Tuesday, May 19, 2015

Larry called in from Lawrenceburg, KY and told us he was once a member of the Pagan’s Motorcycle Club, a mid-Atlantic biker gang. He didn’t sugar coat the facts as he explained the draw of the brotherhood and what makes the outlaw motorcycle corner the underworld go round.

More »
Comment
 
Our Week In The Web: May 15, 2015
Friday, May 15, 2015

We cancel a few hours and suddenly all of you get convinced of a global radio conspiracy! Plus, dragon zoos.

More »
1 Comment
 
Caller: ‘It Doesn’t Always Turn Out Okay’
Wednesday, May 13, 2015

One caller shares her own story of an extremely premature birth. Her daughter, born at 22 1/2 weeks in 2012, was taken off life support after seven days.

More »
Comment