The Changing Landscape of World Textile Trade
•$1.9 billion in Section 232 alumi-
num tariffs.
•$6.7 billion in Section 232 steel tar-
iffs.
•$46.4 billion in Section 301 tariffs
on goods from China.
•$284 million in Section 301 tariffs
on goods from the EU.
Trade Policy Uncertainty
Acting chairman of the White House
Council of Economic Advisers says:
“Uncertainty about trade policy
is one oftencited culprit in the
manufacturing slowdown, par-
ticularly uncertainty surround-
ing the Administration’s nego-
tiations toward a bilateral trade
agreement with the People’s Re-
public of China on enforceable
commitments to remove or low-
er structural barriers in China”
Trade Policy Uncertainty
From The Economic Report of the
President:
“Negotiations over a new agree-
ment necessitate a degree of un-
certainty over how that agree-
ment will be shaped, exacerbat-
ing near-term costs. However,
achieving a new trade relation-
ship with China that is balanced
and reciprocal will deliver long-
term economic benefits for the
United States, including a reduc-
tion in near-term costs”
Trade Policy Uncertainty since Trade
Actions Move Quickly
Federal Register notices and
hearings remain important
But … major trade decisions are
announced on Twitter
U.S-Mexico-Canada Agreement
(NAFTA 2.0)
Top trade priority for Trump Adminis-
tration passed Congress with biparti-
san support....Waiting for Canada to
approve the deal and expect implemen-
tation no later than January 1, 2021Federal Register notices and hearings remain important
But … major trade decisions are announced on Twitter
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