Robert E. Scott
Director of Trade and Manufacturing Policy Research
By Area of Research:
May 12, 2015 | By Robert E. Scott | Policy MemoIt would be unconscionable for the administration to negotiate, or for Congress to approve, a trade agreement that does not include strong and enforceable tools to end currency manipulation.
April 28, 2015 | By Robert E. Scott | BlogLast week, the president claimed that critics who say that the Trans-Pacific Partnership (TPP) “is bad for working families… don’t know what they are talking about.” But the truth is, there is an emerging consensus that globalization has put downward pressure on the wages of most working Americans, and has redistributed income from the bottom to the top.
April 23, 2015 | By Robert E. Scott | Economic snapshotCurrency manipulation distorts trade flows by artificially lowering the cost of U.S. imports and raising the cost of U.S. exports, and is the leading cause of growing U.S.
The Consequences of Neglecting Manufacturing: Compared with Other Nations, U.S. Has More Import Competition in Leading Export Industries
April 20, 2015 | By Robert E. Scott | Issue BriefThe U.S. trade deficit in its top 30 export industries is a consequence of its toleration of massive currency manipulation over many years by China, Japan, and about 20 other countries, the failure to eliminate widespread tariff and nontariff barriers to U.S. exports, and the failure to develop effective strategies for rebuilding U.S. manufacturing.
April 13, 2015 | By Robert E. Scott | BlogThis post originally appeared in The Huffington Post. This week, Senator Hatch will reportedly introduce “fast track” (trade promotion authority) legislation in the Senate, to help President Obama complete the proposed Trans-Pacific Partnership (TPP), a trade and investment deal with eleven other countries in Asia and the Americas.
April 8, 2015 | By Robert E. Scott | BlogThis post was updated at 5:43 pm to reflect additional analysis. Today, the Washington Post fact checker, Glenn Kessler, claimed that Public Citizen’s analysis of the Korean Free Trade Agreement (KORUS) is based on flawed economics and faulty math.
March 30, 2015 | By Robert E. Scott | Blog(Update of a blog post from March 14, 2014). March 15th was the third anniversary of the U.S.-Korea Free Trade Agreement (KORUS).
What’s Wrong with the TPP? This deal will lead to more job loss and downward pressures on the wages of most working Americans
March 17, 2015 | By Robert E. Scott | BlogIn a recent op-ed in the Washington Post, three prominent economists, David Autor, David Dorn, and Gordon Hanson make a number of controversial arguments in favor of the proposed Trans-Pacific Partnership (TPP).
March 13, 2015 | By Robert E. Scott | Fact SheetUnfair trade deals have lowered the wages of U.S. workers by displacing jobs and weakening the bargaining position of low- and middle-wage workers.
Business Roundtable Study Fails the Laugh Test: The U.S. Trade Deficit has Cost Millions of U.S. Jobs
March 3, 2015 | By Robert E. Scott | BlogThe United States had a goods and services trade deficit of approximately $463.5 billion in 2013, which cost millions of U.S.
March 2, 2015 | By Robert E. Scott | BlogIn December I showed that growing trans-Pacific trade deficits would set the stage for growing trade-related job displacement. New data released this month show that the U.S.
February 25, 2015 | By Robert E. Scott | Economic snapshotCurrency manipulation by Japan—the second largest currency manipulator in the world—is a major driver of the U.S.-Japan trade deficit, which cost nearly 900,000 U.S.
February 20, 2015 | By Robert E. Scott | BlogThe 69th Economic Report of the President (ERP), released this week, has much to recommend it—especially its focus on policies needed to rebuild middle-class economics, including raising the federal minimum wage and increasing job-creating investments in infrastructure, science, and technology.
February 11, 2015 | By Robert E. Scott | BlogTrade is a hot topic on Capitol Hill this year. President Obama has asked members of Congress for “fast track” trade promotion authority in order to finalize proposed trade deals with Asia and Europe that set the stage for growing, trade-related job displacement.
February 6, 2015 | By Robert E. Scott | VideoWatch the video
Increased U.S. Trade Deficit in 2014 Warns Against Signing Trade Deal without Currency Manipulation Protections
February 5, 2015 | By Robert E. Scott | Economic IndicatorsThe U.S. Census Bureau reported that the annual U.S. trade deficit in goods and services increased from $476.4 billion in 2013 to $505.0 billion in 2014, an increase of $28.6 billion (6.0 percent).
February 4, 2015 | By Robert E. Scott | Briefing PaperCurrency manipulation is the most important cause of the large and growing U.S. trade deficit with Japan, which displaced 896,600 U.S. jobs in 2013, with job losses in every state and nearly all U.S. congressional districts. In this context the United States should insist that currency manipulation be directly addressed in the proposed Trans-Pacific Partnership.
January 30, 2015 | By Robert E. Scott | VideoRobert Scott appeared on C-Span’s Washington Journal on Jan. 30, 2015 to talk about the Obama administration’s calls for more presidential authority in crafting international trade deals, as well as negotiations over the Trans Pacific Partnership.
January 22, 2015 | By Robert E. Scott | Briefing PaperDespite policies that have shrunk manufacturing employment and hurt its international competitiveness, U.S. manufacturing is still a large and vital part of the U.S. economy. It accounts for 21.3 percent of employment in the United States—a total of 29.1 million jobs—and plays a particularly important role in the labor markets of the Midwest and the South.
December 29, 2014 | By Robert E. Scott | BlogThe United States failed to achieve a doubling of exports between 2009 and 2014, as promised in President Obama’s National Export Initiative (NEI).
U.S.-China Trade Deficits Cost Millions of Jobs, with Losses in Every State and in All but One Congressional District
December 18, 2014 | By Robert E. Scott | Economic snapshotSince China entered the World Trade Organization (WTO) in 2001, the massive growth of the U.S. goods trade deficit with that country has cost 3.2 million U.S.
December 8, 2014 | By Robert E. Scott | BlogU.S. trade and investment agreements have almost always resulted in growing trade deficits and job losses. Under the 1993 North American Free Trade Agreement, growing trade deficits with Mexico cost 682,900 U.S.
November 13, 2014 | By Robert E. Scott | BlogThis week, U.S. Trade Representative Michael Froman announced a “breakthrough” agreement between the United States and China to expand the World Trade Organization’s (WTO) Information Technology Agreement (ITA), which eliminates tariffs among 54 countries in high-tech products.
November 12, 2014 | By Robert E. Scott | Economic snapshotPresident Obama is currently negotiating two massive new free trade agreements that, if enacted, are likely to result in increased outsourcing and growing job losses.
October 16, 2014 | By Robert E. Scott | BlogThe U.S. Treasury announced today, for the 12th time, that the Obama Administration has determined that neither China, nor any other “major trading partner of the United States met the standard of manipulating the rate of exchange between their currency and the United States dollar for purposes of preventing effective balance of payments adjustments or gaining unfair competitive advantage in international trade…” This political document ignores the fact that China purchased $681 billion in total foreign exchange reserves between December 2012 and June 2014, and more than $2 trillion since this Administration took office.
August 25, 2014 | By Robert E. Scott | BlogEarlier this year, we showed that an increase in illegal steel dumping was putting up to half a million U.S. jobs at risk, in a study I co-authored with the law firm of Stewart and Stewart.
A Step in the Right Direction: OMB Will Not Implement Plan to Include “Factoryless Goods Producers” In Manufacturing
August 14, 2014 | By Robert E. Scott | BlogLast week, the Office of Management and Budget (OMB) announced that it was cancelling plans to reclassify factoryless goods producers (FGPs) such as Apple and Nike—most of which are now in wholesaling or management of companies (both service industries)—into manufacturing.
August 12, 2014 | By Robert E. Scott | BlogWriting at the Equitable Growth blog, Brad DeLong takes on Jeff Faux’s assessment of NAFTA. DeLong tries to make a “cosmopolitan” argument for NAFTA; he claims that NAFTA cost the United States fewer than 350,000 jobs, and says that Faux got “the analysis wrong” when he reported that NAFTA resulted in a net loss of 700,000 jobs.
July 21, 2014 | By Robert E. Scott | BlogOn May 22, 2014, the Office of Management and Budget solicited comments on a proposal for changes to the North American Industry Classification System (NAICS) that would take effect in a 2017 revision.