US President Donald Trump has released his 2019 Trade Policy Agenda in which he promises to focus on correcting existing trade policies and pursuing new deals with strategic partners, including the launch of new negotiations with Japan, the European Union, and the United Kingdom.
The annual agenda, which was delivered to Congress by US Trade Representative Robert Lighthizer earlier this week, outlines progress in areas including trade policies and specifies actions the US is working on, such as trade relations with China.
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“In just two years, we have significantly re-written major trade deals with Korea, Mexico, and Canada,” said Ambassador Lighthizer. “We have undertaken dramatic new enforcement efforts to stop unfair trading practices by China and other countries. We are aggressively enforcing US trade laws, including by bringing cases under trade agreements, relevant US laws, and at the WTO. We are ensuring that countries receiving benefits under the GSP programme live up to eligibility standards set by Congress. These actions and many others are contributing to a stronger US economy, which has generated more jobs and higher wages for American workers.”
To continue these economic gains, Lighthizer said in the year ahead, the US will urge Congress to approve the new United States-Mexico-Canada Agreement (USMCA) and will launch new trade negotiations with Japan, the European Union, and the United Kingdom.
“In addition, the Trump Administration will continue to press China to address long-standing US concerns about unfair trade practices, defend America’s interests at the World Trade Organization (WTO), and vigorously enforce US trade laws,” he said.
“Our goal is to ensure that hard work and innovation are rewarded, while unfair trade practices and illegal government subsidies are punished,” the report states.
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By GlobalData
