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After more than half a century in which the United States led international trade liberalization, the country has been in a long stalemate over trade policy. It has been losing ground as other nations enter into market-opening arrangements that disadvantage U.S.-based production. In an increasingly competitive global economy, the policies of the past no longer offer a road map for the future. U.S. Trade Policy assesses current U.S. trade policy and analyzes issues of trade policy authority, trade negotiations, investment rules, competition policy, regulatory barriers, exchange rates, and export controls.
This report argues that closing the political divide on trade will require measures that respond to the American public's ambivalence and are more explicitly designed to maximize the economic benefits that come from trade openings by increasing exports and attracting job creating investment. It also offers recommendations for trade and investment policies the United States should adopt that will help to create jobs and raise incomes for more Americans while also advancing foreign policy interests.
|Publisher:||Council on Foreign Relations|
|Product dimensions:||5.90(w) x 8.90(h) x 0.30(d)|
About the Author
Andrew H. Card Jr. is a member of the board of directors of the Union Pacific Corporation and the advisory board of Fleishman-Hillard Inc., and he served as chief of staff to President George W. Bush.
Thomas A. Daschle is a senior policy adviser at DLA Piper United States and is a former Democratic Senate majority leader.
Edward Alden is the Bernard L. Schwartz senior fellow at the Council on Foreign Relations.
Matthew J. Slaughter is adjunct senior fellow for business and globalization at the Council on Foreign Relations.
Table of Contents
Task Force Report 1
Executive Summary 3
Goals of U.S. Trade Policy 14
Current U.S. Policy 18
Trade, the U.S. Economy, and Public Opinion 22
Revitalizing Trade Negotiations 30
Attracting and Retaining Investment 39
Bolstering Trade Enforcement 45
Promoting U.S. Trade Competitiveness 55
Encouraging Development Through Trade 58
Comprehensive Adjustment Assistance for Workers 61
Reviving Trade Negotiating Authority 63
Additional and Dissenting Views 87
Task Force Members 101