ABSTRACT

U.S. Trade Policy: Background and Current Issues [Updated September 15, 2020]   [open pdf - 476KB]

From the Document: "Congress plays a major role in U.S. trade policy through its constitutional authority over tariffs and foreign commerce (Article 1, §8). Since World War II, U.S. trade policy has generally sought to promote U.S. 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 U.S. trade laws; and (4) offering relief to U.S. 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 U.S. trade agreement negotiations, and the U.S. approach to China and other trading partners."

Report Number:
CRS In Focus, IF10156
Author:
Publisher:
Date:
2020-09-15
Copyright:
Public Domain
Retrieved From:
Congressional Research Service: https://crsreports.congress.gov/
Format:
pdf
Media Type:
application/pdf
URL:
Help with citations