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U.S. Trade Policy: Background and Current Issues

Updated September 15, Trade policy : Background and Current IssuesCongress plays a major role in Trade policy through its constitutional authority over tariffs and foreign commerce (Article 1, 8). Since World War II, Trade policy has generally sought to promote economic growth and competitiveness by: (1) reducing global Trade and investment barriers; (2) fostering an open, transparent, and nondiscriminatory rules-based trading system, including through the World Trade Organization (WTO); (3) enforcing partner countries Trade commitments and Trade laws; and (4) offering relief to firms and workers adversely affected by unfair foreign Trade practices and Trade liberalization. Congress has deliberated and legislated in response to aspects of the Trump Administration s Trade policy , including the President s use of unilateral tariffs, the priorities and scope of Trade agreement negotiations, and the approach to China and other trading partners.

Sep 15, 2020 · Countries increase production and export goods and services in which they ... job growth in exporting industries, as well as greater choice and lower prices for consumers and firms using imports as ... By statute, the U.S. Trade Representative (USTR) is the

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