Analysis: Trump Changed How The U.S. Trades - Not Necessarily As Intended
International Trade Partner Nasim Fussell was quoted in a Reuters article analyzing the impact of President Donald Trump's trade policy. The Trump Administration's “America First” trade policy torched a 70-year consensus on trade liberalization, drew a harder line against China’s state-driven economic model and erected new tariffs on imported steel and aluminum, alienating allies. While Trump’s Phase 1 trade deal is now starting to boost agricultural exports to China after a slow start amid the COVID-19 pandemic, it failed to address many of the issues that really matter to U.S. companies. These include China’s technology transfer policies, industrial subsidies and barriers to digital services access in China.
“There’s still a legitimate question about what all this pain was paying for,” said Ms. Fussell. “There will be pressure from stakeholders to work towards a Phase 2” to address more substantive issues, she added.