Trade | St. Louis Public Radio

Trade

(June 24, 2019) David Meyer, senior lecturer in management in the Olin Business School at Washington University in St. Louis, joined Monday's talk show to discuss trade and tariffs as they pertain to Missouri.
Evie Hemphill | St. Louis Public Radio

Trade is no doubt an integral part of many industries and Missouri is no exception. International trade and investment support hundreds of thousands of jobs in the state. To help foster even more of that, Missouri Governor Mike Parson recently embarked on his first trade trip to Europe – with stops in France, Germany and Switzerland.

Further east of Europe, China is also a major player when it comes to foreign investment in Missouri. But the recent national trade war with China has negatively affected trade and hits regional farmers the hardest.

On Monday’s St. Louis on the Air, St. Louis Public Radio’s Rachel Lippmann discussed trade and tariffs as they pertain to Missouri and the country with David Meyer, senior lecturer in management in the Olin Business School at Washington University in St. Louis.

U.S. Sen. Roy Blunt is facing a tough challenge from Kander. But the closeness of the race isn't hugely surprising, given that statewide contests in Missouri are traditionally competitive.
File photo I Jason Rosenbaum I St. Louis Public Radio

U.S. Sen. Roy Blunt is sharply disagreeing with President Donald Trump’s bid to apply steep tariffs to steel and aluminum imports, a move that some major St. Louis companies are panning.

The Republican lawmaker also rejected the president’s suggestion that law enforcement officials take guns away from people before engaging in due process.

The U.S. Chamber of Commerce has provided NAFTA-related estimates for all states. It has concluded that doing away with the agreement would have a significant impact on Missouri's economy.
U.S. Chamber of Commerce

The fate of tens of thousands of Missouri jobs could hinge on trade talks set to resume this week in Montreal. Negotiators from the United States, Canada and Mexico will gather for another round of North American Free Trade Agreement negotiations. The U.S. wants to rework the deal, or possibly withdraw altogether.

The U.S. Chamber of Commerce says roughly 250,000 jobs in Missouri could be affected if the Trump administration decides to leave NAFTA.

Bill Greenblatt, UPI

While lauding a new Canadian trade deal, Missouri Gov. Jay Nixon warned that Missouri’s future role in international trade will depend on improving transportation needs back home.

“Not just Missouri, but as a country, we’re going to have to make some decisions,’’ the governor said in a conference call Tuesday with reporters.

“Bridges don’t come for free. Ports don’t come for free. And last I checked, nobody comes out and pours concrete and puts rebar in for free,” Nixon said in an unusually passionate pitch.

Office of Sen. Durbin

The day after Democrats in the U.S. Senate blocked a proposal to give the president fast-track trade authority, a compromise has apparently been reached. This in turn would clear the way for a new Asian pact, the Trans Pacific Partnership.

Illinois Democratic Sen. Dick Durbin said the Senate is scheduled to take up the first part of an apparent compromise Thursday. 

flag of Ireland
via Flickr / Michael Caroe Andersen

Much of St. Louis’s top civic and economic brass traveled to Europe over the weekend. A trade delegation led by the St. Louis Regional Chamber, World Trade Center St. Louis, St. Louis Mayor Francis Slay and St. Louis County Council Chairman Pat Dolan are in Ireland through Tuesday.

UPI/Bill Greenblatt

Missouri has signed a memorandum of understanding to boost trade with Quebec. 

Speaking to reporters from Toronto on Wednesday, Gov. Jay Nixon said Missouri and Quebec signed an agreement to boost trade over the next four years by 15 percent. The agreement, according to a press release from Nixon’s office, was signed by Québec Minister of Industrial Policy Élaine Zakaïb and Missouri director of Economic Development Mike Downing.

(Rachel Lippmann/St. Louis Public Radio)

Businesses that want to expand to new international markets or start exporting their goods for the first time are getting a boost from Gov. Jay Nixon's administration.

Nixon announced his "Export Missouri" initiative in St. Louis on Friday, at a luncheon honoring 20 years of the World Trade Center - St. Louis. The new program uses $2.3 million in state funding to open new trade offices in Canada and southeast Asia; offset the costs to companies of international trade shows or trade missions; and new online resources.

Nixon Announces Trade Agreements With South Korea

Mar 21, 2013

Missouri Gov. Jay Nixon has announced $1.2 billion in trade agreements to sell Missouri products to South Korea over the next four years.

Nixon said Thursday that the state had entered into compacts with the Korea International Trade Association, the Korea-U.S. Economic Council and the Korea Importers Association.

While in Seoul, Nixon also met with South Korean government officials and laid a wreath at the Korean War Memorial. The governor says recent threats of war by North Korea's government have not stopped commerce in the region or impacted daily activities.

Bond to lead St. Louis business delegation to China

Aug 22, 2012
(Rachel Lippmann/St. Louis Public Radio)

Former Republican Missouri Senator Kit Bond will lead a delegation of St. Louis-area business leaders to China later this year.

Bond's consulting firm that works on international trade will accompany regional and statewide businesses and academic institutions to China in December.

Trade with Brazil in focus for both Nixon, Quinn this month

Apr 3, 2012
(CIA World Factbook)

Reporting from KSMU's Jennifer Moore used in this report.

As we mentioned this morning, Missouri Governor Jay Nixon will travel to Brazil this month on a trade mission. The trip comes on the heels of the news that Missouri saw its strongest year ever for exports in 2011.

This article first appeared in the St. Louis Beacon, Jan. 13, 2012 - WASHINGTON - His homegrown chestnut crop was a bust this fall, but former U.S. Sen. Christopher "Kit" Bond says the seeds he has sown during his first year out of office -- in international business, law, and housing policy == are starting to bear fruit.

Mo. reaches $200M export agreement with China

Dec 2, 2011
(UPI/Bill Greenblatt)

Missouri officials have completed an agreement to boost exports and investment in northwestern China by $200 million.

Gov. Jay Nixon's office said Friday that the deal calls for state Department of Economic Development to work with officials in Xinjiang Uygur to increase Missouri exports from 2012 to 2014.

This article first appeared in the St. Louis Beacon, Oct. 24, 2011 - Missouri Gov. Jay Nixon announced this morning that his administration's Department of Economic Development and Chinese trade officials have agreed "to work together over the next three years to sell $4.4 billion of Missouri goods and products to Chinese consumers."

The deal marks an increase of about a third over the state's current sales to China of just under $1 billion a year.

UPI/Bill Greenblatt

Missouri will sell around $4.4 billion worth of agricultural products to China, in a trade agreement announced today by Governor Jay Nixon (D).

Speaking to reporters via conference call from Beijing, Nixon said exports from Missouri will increase by more than a billion dollars between 2012 and 2014.

(UPI/Bill Greenblatt)

In August, Gov. Jay Nixon, with much fanfare, called for a special session of the Missouri General Assembly.

So, what's the top priority for everyone? A package of tax credits affectionately known as "Aerotropolis," which would provide incentives for the creation of a hub for Chinese cargo at Lambert Airport.

flickr/cliff1066

This week, Sen. Claire McCaskill, D-Mo., introduced legislation aimed at cracking down on unfair trade practices and boosting manufacturing jobs in the state.

McCaskill says many Missouri companies have expressed frustration that an increasing number of foreign shippers are using unscrupulous and illegal tactics to avoid paying penalties they owe for illegal trade practices.

She says the legislation will help in pursuing and successfully collecting duties.

Commentary: 9/11 in a global perspective

Sep 7, 2011

This article first appeared in the St. Louis Beacon, Sept. 7, 2011 - Given the colossal impact that 9/11 made on debates about the emerging international order, it is profoundly ironic that the key trends in September 2011 much more closely resemble those of September 1991, when the disintegration of the Soviet Union began, than September 2001 after the attacks on New York and Washington.

(UPI/Bill Greenblatt)

Senator Claire McCaskill says after a month of traveling to Missouri businesses she’ll introduce legislation to better enforce U.S. trade laws.

The Democrat says too many foreign companies are engaging in unfair trading practices, such as mislabeling products to avoid paying duties.

McCaskill says her bill will require all importers to have a physical address to ensure easier tracking and new shippers will be required to pay cash for duties instead of posting bonds that sometimes go unpaid.

Morning headlines: Tuesday, August 9, 2011

Aug 9, 2011
(via Flickr/jimbowen0306)

Commission struggles to reach agreement on Senate districts boundaries

A panel of five Democrats and five Republicans met Monday and adjourned without reaching a deal on a new Missouri state Senate district map for the 34-member Senate. Commission leaders said the St. Louis area seems to be the biggest sticking point in adjusting the outlines of the state and Senate districts.

This article first appeared in the St. Louis Beacon, Aug. 5, 2011 - WASHINGTON - With the histrionics over the debt ceiling now fading, partisan lines already have formed around the issue likely to dominate this fall's debate and next year's election campaigns: how to create jobs and jump-start the moribund economy.

Blunt, Portman try to break impasse over trade deals

Jul 22, 2011

This article first appeared in the St. Louis Beacon, July 22, 2011 - WASHINGTON - In what seemed a banner year for free trade, the United States in 2007 signed pacts with Colombia, Panama and South Korea. Four years later, Congress has yet to ratify any of those trade agreements -- even though the European Union and Canada are taking advantage of their own deals to boost exports to those countries.

Morning headlines: April 7, 2011

Apr 7, 2011
UPI Photo/Bill Greenblatt

Nixon Proposal Would Boost Oversight of Dog Breeders

Governor Jay Nixon proposed Wednesday to add $1.1 million to the state budget to hire 10 more inspectors, investigators, veterinarians and office staff for the Department of Agriculture program that regulates dog-breeding facilities. Nixon's office says the state currently spends about $600,000 a year on such efforts. The Senate Appropriations Committee considered the agriculture budget Wednesday but took no action on Nixon's proposal.

(UPI/Bill Greenblatt)

Missouri farmers stand to benefit under a free-trade pact currently before Congress.

U.S. Agriculture Secretary Tom Vilsack was in St. Louis today to urge Congress to pass the U.S.-Korea Free Trade Agreement.

He said Missouri exports large amounts of pork and soybeans, products that have a ready market in South Korea.

This article first appeared in the St. Louis Beacon, Feb. 3, 2011 - WASHINGTON - It may be a relatively light metal, but magnesium has suddenly become a heavyweight issue at the U.S. International Trade Commission.

The ITC's vote next week on whether to continue "antidumping" duties against imports of the metal could have a major impact on die-casting companies in Missouri and Illinois that use magnesium -- and the more than 2,000 workers they employ.

It appears diplomatic concerns, not travel issues, are what's keeping Gov. Jay Nixon in the United States next week.

Nixon heads to Taiwan, South Korea on trade mission

Dec 1, 2010

A trade mission led by Mo. Gov. Jay Nixon heads to Taiwan and South Korea later this month.
The primary reason for the trip will be the signing of a letter of intent sealing Taiwan's purchase of $600 million of Missouri goods.
According to a press release from the Nixon's office, the deal will indicate a roughly 28 percent increase in Missouri exports to Taiwan, to about $88 million.

Commentary: No such thing as a free market

Sep 24, 2008

This article first appeared in the St. Louis Beacon: September 24, 2008 - Milo Minderbinder was a believer in free markets. He was the mess officer in Joseph Heller's WW II classic, Catch-22, who bought eggs at 7 cents apiece in Malta, then sold them at Air Corps bases for 5 cents each and still managed to make a profit. In fact, Milo's black-market egg business was so profitable that it metastasized into a trans-national syndicate that traded in all manner of goods and services and dealt as readily with Axis forces as it did with the Allies.

This article first appeared in the St. Louis Beacon: August 20, 2008 - The final Olympic gold medals are not the only assets up for grabs in Beijing. On Tuesday, U.S. Secretary of  the Treasury Henry Paulson discussed the need for constant engagement with China in a phone interview organized by the Council on Foreign Relations.

Paulson was instrumental in fostering official channels of contact with China in the form of a U.S.-China Strategic Economic Dialogue (SED). In an article, "A Strategic Economic Engagement," Paulson discussed how the SED lays the framework for the next president to engage with China on all issues.