The Trump administration recently released a trade pronouncement that goes beyond the president’s preferred 140-character format. The 2017 Trade Policy Agenda is a report, required by Congress, that highlights Administration priorities on trade.
An earlier, leaked version criticized aspects of the global trading system as “untethered from economic realities.” That wonderful phrase is missing from the final report—perhaps because it’s an apt description of many aspects of the Administration’s trade agenda itself.
The Administration’s report mentions several broadly supported objectives, including enforcing trade laws and opening markets. But, at its core, the new agenda is a fundamental departure from America’s decades-long support for rules-based trade that benefits Americans and the world.
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