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U.S. Presidential Executive Orders Regarding Trade

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White House Issues Executive Orders on Trade Agreement Violations and the Establishment of Office of Trade and Manufacturing Policy 2017-05-03

On April 29, 2017 the White House released notifications that President Trump had signed two Executive Orders (EO) regarding trade.
 
The first EO directs the U.S. Commerce Department (Commerce) and the U.S. Trade Representative (USTR) to perform a comprehensive study of the nation’s various free trade agreements and trade preference programs. The aim is to determine whether the U.S. is being treated fairly by its trading partners and the 164-nation World Trade Organization (WTO).
 
The EO instructs Commerce and the USTR to conduct performance reviews of:
  1. all bilateral, plurilateral, and multilateral trade agreements and investment agreements to which the U.S. is a party; and 
  2. all trade relations with countries governed by the rules of the WTO with which the U.S. does not have free trade agreements but with which the U.S. runs significant trade deficits in goods. 
The EO goes on to say that each performance review shall be submitted to the President within 180 days of the date of this EO and shall identify: 
  1. those violations or abuses of any U.S. trade agreement, investment agreement, WTO rule governing any trade relation under the WTO, or trade preference program that are harming American workers or domestic manufacturers, farmers, or ranchers; harming our intellectual property rights; reducing our rate of innovation; or impairing domestic research and development; 
  2. unfair treatment by trade and investment partners that is harming American workers or domestic manufacturers, farmers, or ranchers; harming our intellectual property rights; reducing our rate of innovation; or impairing domestic research and development;
  3. instances where a trade agreement, investment agreement, trade relation, or trade preference program has failed with regard to such factors as predicted new jobs created, favorable effects on the trade balance, expanded market access, lowered trade barriers, or increased U.S. exports; and 
  4. lawful and appropriate actions to remedy or correct deficiencies identified… 
To review the entire EO, click on Executive Order – Trade Agreement Violations.
 
The second EO signed by President Trump establishes the Office of Trade and Manufacturing Policy (OTMP) whose mission will be to defend and serve American workers and domestic manufacturers while advising the President on policies to increase economic growth, decrease the trade deficit, and strengthen the U.S. manufacturing and defense industrial bases.
 
The OTMP shall be responsible to: 
  1. advise the President on innovative strategies and promote trade policies consistent with the President's stated goals; 
  2. serve as a liaison between the White House and the Department of Commerce and undertake trade-related special projects as requested by the President; and 
  3. help improve the performance of the executive branch's domestic procurement and hiring policies, including through the implementation of the policies described in Executive Order 13788 of April 18, 2017 (Buy American and Hire American). 
To review the entire EO, click on Executive Order - Establishment of Office of Trade and Manufacturing Policy.
 

Source: The White House - Office of the Press Secretary

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