President Trump is making progress on trade. He has paused, for 90 days, tariff increases initially slated to take effect next month. The delay is to give negotiators more time to reach a more permanent solution to resolve trade issues.
As Heritage expert James Carafano said recently on Fox Business, “[China] blinked,.., [but] this administration will have to continue to pressure them, until we get substantive changes in Chinese behavior.” Carafano went on to say that, while the president will need to weigh domestic concerns like the way tariffs inhibit domestic economic growth, he will also have to continue pressuring Beijing to stop its unfair trade practices.
Just as James Carafano discussed the national security angle of the development with China, Heritage policy experts Emilie Kao, Ambassador Terry Miller, and Tori Whiting released a statement last Friday calling attention to challenges with the United States Mexico Canada Agreement. Among those problems: Canada’s addition of inappropriate language surrounding sexual orientation and gender identity, which does not belong in an international trade agreement.
While mentioning positive developments with the new agreement, Miller, Kao, and Whiting pledged to continue “working with the White House and lawmakers to address these concerns.” Heritage will continue monitoring that situation, to protect the United States’ sovereign right to set our own policies regarding gender identity and sexual orientation—without pressure from our neighbors.
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How will these developments impact the United States economy?