News Report: Currency on the Table in the U.S.-China Trade Talks

Matthew McMullan

Matthew McMullan Communications Manager, Alliance for American Manufacturing

The U.S.-China trade talks continue. There’s a deadline coming up on March 1, when the trade-war timeout is due to end, and U.S. tariffs are to shoot up from 10 percent to 25 percent on $200 billion worth of Chinese products.

President Trump, meanwhile, is starting to float the idea that March 1 isn’t a hard date … which suggests there’s progress being made toward a larger deal. It could also be problematic; the president’s chief negotiator, for instance, doesn’t think giving up this key piece of leverage is a great idea.

But! Another bit of news has leaked out: The two sides are working out an agreement that would govern currency manipulation. Bloomberg reports:

The U.S. is asking China to keep the value of the yuan stable as part of trade negotiations between the world’s two largest economies, a move aimed at neutralizing any effort by Beijing to devalue its currency to counter American tariffs, people familiar with the ongoing talks said.

Currency manipulation has been an American trade complaint against China for years, and some have argued that a deal that doesn’t include a currency rule will ultimately prove to be a disappointment.

Well, it looks like it's still on the table. So I guess it's just like the most talkative president in decades says:

"We are asking for everything that anyone has ever suggested. These are not just 'let's sell corn or let's do this' – it's going to be selling corn but a lot of it – a lot more than anyone thought possible."

 

***

Reposted from AAM

Posted In: Allied Approaches, From Alliance for American Manufacturing

Union Matters

Human Service Workers at Persad Center Vote to Join the USW

From the USW

Workers at Persad Center, a human service organization that serves the LGBTQ+ and HIV/AIDS communities of the Pittsburgh area, voted last week to join the United Steelworkers (USW) union.

The unit of 24 workers, ranging from therapists and program coordinators to case managers and administrative staff, announced their union campaign as the Persad Staff Union last month and filed for an election with the National Labor Relations Board (NLRB).

“We care about our work and the communities we serve,” said Johanna Smith, Persad’s Development, Communications, and Events Associate. “We strongly believe this work and our connections to our clients will only improve now that we will be represented by a union.”

The Persad workers join the growing number of white-collar professionals organizing with the USW, especially in the Pittsburgh region. Their membership is also in line with the recent work the Steelworkers have been doing to engage LGBTQ+ members and improve contract language regarding issues that affect their lives.

“Workplaces are changing and evolving, and the labor movement is changing and evolving along with that,” said USW Vice President Fred Redmond, who oversees the union’s LGBTQ+ Advisory Committee as well as the USW Health Care Workers Council. “This campaign gives us an opportunity to diversify our great union while uplifting and empowering a group of workers who give their all for others.”

***

More ...

There is Dignity in All Work

There is Dignity in All Work