U.S. Trade Representative Robert Lighthizer says the Trump imprint on trade will last for a long time.
“I think that Republicans and Democrats . . . both think about trade differently than they did before and I think that will continue,” Lighthizer told the Robert J. Dole Institute of Politics during a Nov. 19 virtual talk. “Whoever sits in my chair under any president going down the road, I’m feeling confident that the fundamental things that we’ve talked about, this reorientation of policy toward working people, worrying about the challenge of China, that those things are going to endure and that people will continue to make progress on them."
Section 301 and China
Trump used Section 301 to levy tariffs on $350 billion in imports from China starting in 2018. China retaliated with its own tariffs, targeting a key part of Trump’s political base, U.S. agriculture. Without removing the tariffs, the administration sought to soften the blow with a phase one deal in January 2020 under which Beijing agreed to buy $200 billion of agriculture, energy, manufactured goods and services through 2021.
Most trade economists are skeptical that China will meet the 2020 target. The Agriculture Department forecasts that China will buy $27 billion of U.S. agricultural exports in fiscal 2021, part of $152 billion in total farm exports, the second largest on record.
For Biden, who has said he will be tough on China, the problem may be not only whether Beijing hits the phase one target and who gets credit for it, but also whether China has any interest in a phase two agreement addressing government subsidies to state-owned enterprises. Some experts are skeptical.
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November 30, 2020 at 10:55PM
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Broad powers won't make it easy for Biden to shift trade policy - Roll Call
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