Transition 2020: 6 Things You Should Know About Biden's Trade Policy
International Trade Partner Nasim Fussell was cited in a Politico Pro article breaking down the key elements of President-elect Joe Biden's trade policy. Biden faces a choice next year whether to push for renewal of trade promotion authority, which expires July 1. But given his focus on the domestic economy, it would be a surprise if he did. The legislation, which is also known as “fast track” because it eases passage of trade agreements, allows the White House to submit trade deals to Congress for a straight up-or-down vote without any amendments. It also prevents a filibuster in the Senate. It was last approved in 2015, near the end of President Barack Obama’s administration. Since then, Trump has busted U.S. trade policy norms by threatening to pull out of NAFTA without congressional approval and dusting off rarely used powers to unilaterally impose tariffs on foreign goods.
“There should be a healthy debate on all of these issues,” said Ms. Fussell. “I think both parties are going to want to have that debate. And that’s probably one of the reasons that there isn’t going to be another TPA very quickly.”
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