Trump’s Trade War, Part II
by D.J. McGuire
The Trump Administration’s efforts to “renegotiate” the North American Free Trade Agreement (NAFTA) have now created so many hackles that the Chamber of Commerce stepped in.
That Trump is willing to risk a trade war to feed his lust for protectionism is not news (he’s already set off Canada and the United Kingdom), but when the Chamber of Commerce sounds the alarm about a Republican president, we’re in big trouble.
Many businesses, large and small, are concerned about the effects that many of the Trump administration proposals or planned proposals would have on trade. Those at issue would reduce Canada and Mexico’s access to the U.S. government procurement market, create a new domestic content provision for autos and tighten regional content requirements, and automatically terminate the agreement after five years unless all three countries agree to renew the pact — known as a sunset clause.
“We see these proposals as highly dangerous, and even one of them would be sufficient to move the business and agriculture community to oppose an agreement that included them,” (Chamber Senior VP John) Murphy said.
The veteran business official said the administration’s proposals for revamping the dispute settlement provisions of the pact have also caused concern, as has another proposal to create a new anti-dumping mechanism for seasonal and perishable products.
D.J. McGuire is the conservative Democrat on More Perfect Union podcast – and sometimes feels like he is the lone conservative Democrat in the country.