May 09, 2019

President Trump has publicly stated that our trading partners have taken advantage of the US. According to him, countries like China compete unfairly. While not meant to be exhaustive, the list of unfair measures includes manipulation, forced transfer and or stealing of our technology as well as a variety of import restrictions and export subsidies. Since many of these measures are idiosyncratic, President Trump has proposed a simple process to remedy what he perceives to be the individual countries unfair advantage practices: Bilateral renegotiations of the trade arrangements. The USMCA is just an example and the current trade negotiations with China is another.

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