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The Trump administration’s trade strategy is dangerously outdated

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Update time : 2017-03-06 14:59:16

The Trump administration’s trade strategy is dangerously outdated
The trade weapons of Navarro

ON THE marketing campaign path, Donald Trump’s trade coverage was an alarming combination of coruscating complaints and fierce threats of protectionist retaliation. However the world has been at nighttime about how a lot of this rhetoric his administration may flip into actuality. A flicker of sunshine got here on March 1st because the administration’s trade-strategy doc was introduced to Congress. Washington wonks see the hand of Peter Navarro, Mr. Trump’s trade adviser and writer of a guide (and movie) known as “Dying by China”. Robert Lighthizer, the nominee for America Trade Consultant (USTR), has not but been confirmed.
Little is new within the doc’s guarantees of “new and higher trade offers” or of strict enforcement of American trade legal guidelines. However a desire for bilateral trade offers over multilateral ones is a change of tack. And the tone is definitely confrontational: “It is time for an extra aggressive method.” The doc additionally provides a sign of how a Trump administration may take a trade struggle to China: through the use of sections 201 and 301 of the Trade Act of 1974.
The first weapon,…Proceed studying


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