Question
When the Trump administration took power, one of its first decisions was to fulfill its campaign promise to withdraw from the Trans-Pacific Partnership. You can
When the Trump administration took power, one of its first decisions was to fulfill its campaign promise to withdraw from the Trans-Pacific Partnership. You can read about the TPP here:
https://www.fas.org/sgp/crs/row/R44278.pdf
Indeed, Donald Trump campaigned on a narrative that the U.S. is being treated very unfairly in the global trade regime, and that the U.S. needs to raise tariffs against countries that it determines are taking advantage of the global trading system. After it took power, the administration raised tariffs on steel and aluminum, began renegotiations of NAFTA leading eventually to the USMCA, and imposed tariffs on washing machines, among other steps. These all have various implications for global supply chains. These policies and tariffs have remained largely unchanged by the Biden administration.
What are your opinions about this approach to trade?
Do you think that Trump was correct in stating that the U.S. is being treated unfairly?
If so, are tariffs the best response, and will they also help bring back manufacturing jobs to the U.S.?
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