Difference between revisions of "Donald Trump achievements: Trade policy"

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(Executive actions, 2018)
(Other achievements, 2018: Ref.)
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*Binder, John (October 11, 2018). [https://www.breitbart.com/big-government/2018/10/11/bloomberg-trump-tariffs-not-costing-u-s-jobs-as-free-traders-claimed/ Bloomberg: Trump Tariffs Not Costing U.S. Jobs as Free Traders Claimed]. ''Breitbart News''. Retrieved October 12, 2018.
 
*Binder, John (October 11, 2018). [https://www.breitbart.com/big-government/2018/10/11/bloomberg-trump-tariffs-not-costing-u-s-jobs-as-free-traders-claimed/ Bloomberg: Trump Tariffs Not Costing U.S. Jobs as Free Traders Claimed]. ''Breitbart News''. Retrieved October 12, 2018.
 
*Carney, John (October 16, 2018). [https://www.breitbart.com/economy/2018/10/16/manufacturing-continues-to-boom-in-america-defying-gloomy-tariff-predictions/ Manufacturing Continues to Boom in America, Defying Gloomy Tariff Predictions]. ''Breitbart News''. Retrieved October 16, 2018.
 
*Carney, John (October 16, 2018). [https://www.breitbart.com/economy/2018/10/16/manufacturing-continues-to-boom-in-america-defying-gloomy-tariff-predictions/ Manufacturing Continues to Boom in America, Defying Gloomy Tariff Predictions]. ''Breitbart News''. Retrieved October 16, 2018.
*Carney, John (October 30, 2018). [https://www.breitbart.com/economy/2018/10/30/farm-prices-fall-again-defying-anti-trump-predictions-of-higher-food-prices/ Farm Prices Fall Again, Defying Anti-Trump Predictions of Higher Food Prices]. ''Breitbart News''. Retrieved October 30, 2018.</ref> and by the second quarter of 2018, U.S. productivity had risen to the highest level since 2015 despite fears that the tariffs would lower productivity.<ref>Multiple references:
+
*Carney, John (October 30, 2018). [https://www.breitbart.com/economy/2018/10/30/farm-prices-fall-again-defying-anti-trump-predictions-of-higher-food-prices/ Farm Prices Fall Again, Defying Anti-Trump Predictions of Higher Food Prices]. ''Breitbart News''. Retrieved October 30, 2018.
 +
*Carney, John (November 9, 2018). [https://www.breitbart.com/politics/2018/11/09/carney-u-s-producer-prices-surged-in-october-but-theres-still-no-sign-tariffs-tax-consumers/ Carney: U.S. Producer Prices Surged in October But There’s Still No Sign Tariffs Tax Consumers]. ''Breitbart News''. Retrieved November 10, 2018.</ref> and by the second quarter of 2018, U.S. productivity had risen to the highest level since 2015 despite fears that the tariffs would lower productivity.<ref>Multiple references:
 
*Carney, John (September 6, 2018). [https://www.breitbart.com/economics/2018/09/06/u-s-productivity-jumped-to-best-pace-in-three-years-after-trumps-metals-tariffs-kicked-in/ U.S. Productivity Jumped to Best Pace in Three Years After Trump’s Metals Tariffs Kicked-In]. ''Breitbart News''. Retrieved September 6, 2018.
 
*Carney, John (September 6, 2018). [https://www.breitbart.com/economics/2018/09/06/u-s-productivity-jumped-to-best-pace-in-three-years-after-trumps-metals-tariffs-kicked-in/ U.S. Productivity Jumped to Best Pace in Three Years After Trump’s Metals Tariffs Kicked-In]. ''Breitbart News''. Retrieved September 6, 2018.
 
*Morath, Eric (September 6, 2018). [https://www.wsj.com/articles/u-s-worker-productivity-rose-in-spring-at-best-pace-since-2015-1536237315 U.S. Worker Productivity Rose in Spring at Best Pace Since 2015]. ''The Wall Street Journal''. Retrieved September 6, 2018.</ref>
 
*Morath, Eric (September 6, 2018). [https://www.wsj.com/articles/u-s-worker-productivity-rose-in-spring-at-best-pace-since-2015-1536237315 U.S. Worker Productivity Rose in Spring at Best Pace Since 2015]. ''The Wall Street Journal''. Retrieved September 6, 2018.</ref>

Revision as of 22:50, 10 November 2018

Official presidential photo of President Donald Trump
Main article: Donald Trump achievements

This article is a non-exhaustive list of achievements by U.S. President Donald Trump, his administration, and Congress related to trade policy.

2017

Executive actions, 2017

  • January 23, 2017—Trump signed an order that withdrew the United States from the globalist Trans-Pacific Partnership.[1]
  • March 18, 2017—The Trump Administration forced the G-20 to remove its opposition to protectionism and its support for free trade from its joint statement.[2]
  • March 31, 2017—President Trump signed two orders. The first order instituted a crackdown on violations of anti-dumping laws and help to officials to collect penalties already owed to the U.S. The second order ordered a report by the Department of Commerce and the U.S. Trade Representative on the causes of the U.S. trade deficit due within 90 days.[3][4]
  • April 18, 2017—President Trump signed a "buy-American, hire-American" order, restricting the H-1B visa to give hiring preference to American workers and enacting stronger enforcement of laws requiring the use of American-made materials in federal projects.[5]
  • April 20, 2017—President Trump signed a memorandum directing the Department of Commerce to investigate whether steel imports pose a threat to U.S. national security.[6][7]
  • April 25, 2017—After Canada changed its milk pricing policy, putting U.S. farmers at a severe disadvantage,[8] the Trump Administration imposed tariffs at rates up to 24% on Canadian lumber imports.[9] The Trump Administration increased the tariffs in June 2017[10] and made them final in November 2017.[11]
  • April 27, 2017—President Trump signed a memorandum opening a Department of Commerce investigation into whether the high level of aluminum imports constitutes a threat to U.S. national security.[12]
  • April 29, 2017—President Trump signed two executive orders, one ordering the U.S. to review all of its free trade agreements including NAFTA, and the other establishing a White House trade policy office.[13][14]
  • May 11, 2017—President Trump approved a trade deal with China which would increase American exports.[15]
  • May 18, 2017—President Trump began the process of renegotiating NAFTA.[16]
  • June 12, 2017—The U.S. and China made an agreement that would allow American beef products to be exported to China.[17] U.S. beef imports began entering China soon afterward.[18]
  • July 8, 2017—In the final G-20 common statement, the Trump Administration, which was ideologically opposed by the other G-20 nations, successfully received concessions from them on the statement on trade.[19]
  • July 2017—A month after allowing the U.S. to export beef, China allowed the U.S. to export rice to the nation.[20]
  • July 31, 2017—The United States and Ukraine agreed to have the U.S. export coal to Uraine, so the latter could gain energy independence from Russia.[21]
  • August 8, 2017—The Trump Administration placed a punitive import tax on Chinese aluminum foil imports after to a preliminary determination that the country was illegally dumping the product into the U.S.[22] In 2018, the U.S. government made the tariffs permanent and raised their rates.[23][24]
  • August 14, 2017—President Trump signed an order directing U.S. Trade Representative Robert Lighthizer to conduct an investigation into whether China is stealing U.S. intellectual property.[25]
  • September 26, 2017—The Commerce Department instituted a 219.63% preliminary tariff on Bombardier's CSeries jets due to a complaint from Boeing that the Canadian government was unfairly subsidizing the aircraft.[26] On October 6, 2017, the Department of Commerce added an additional 79.82% duty on the CSeries jets, making the total tariff be at about 300%.[27] However, in January 2018, the U.S. International Trade Commission ruled against the tariffs.[28]
  • November 28, 2017—The Commerce Department self-initiated anti-dumping investigations on Chinese aluminum imports – the U.S. rarely self-initiates such investigations, with the previous self-initiated investigations taking place in the late 1980s and early 1990s.[29] That same day, the administration enacted duties on Chinese tool chests and cabinets.[30]
  • November 30, 2017—The Trump Administration formally opposed giving China market economy status in the World Trade Organization.[31]

Other achievements, 2017

While the following achievements were not official United States government policy actions by the Trump Administration, they were closely related to the Trump Administration and its policies:

  • U.S. coal exports to Europe and Asia rose 60% in early 2017 compared to the previous year.[32]
  • President Trump took a very strong stance on trade policy as president,[33] and he recognized that America's previous leaders were to blame for the U.S. past trade failures, rather than other countries such as China.[34]

2018

Executive actions, 2018

President Trump made many trade actions involving tariffs in 2018.[35] He was helped by a growing U.S. economy even as economic growth in other countries stagnated.[36] Trump also took a tougher stance on China compared to previous administrations.[37]

  • January 22, 2018—President Trump imposed tariffs on solar energy product and washing machine imports, using a section of U.S. trade law last used early in George W. Bush's presidency.[38]
  • February 27, 2018—After enacting punitive tariffs on aluminum foil in August 2017,[22] the Department of Commerce upheld the tariffs and raised their rates.[23] On March 15, 2018, the U.S. International Trade Commission upheld the rates.[24]
  • March 8, 2018—President Trump, through two orders using Section 232 of the Trade Expansion Act of 1962, imposed a 25% tariff on all steel imports and a 10% tariff on all aluminum imports, something he did both for economic and national security reasons.[39] Canada and Mexico were granted exemptions from the tariffs pending the NAFTA renegotiations, and the orders allowed for potential future exemptions for U.S. allies.[39] President Trump also gave temporary exemptions to the European Union and six other U.S. allies when the tariffs went into effect.[40] On April 30, 2018, the Trump Administration announced it had reached an agreement with South Korea to enact quotas on steel imports from the country, along with agreements in principle with several other countries.[41] On May 31, 2018, the Trump Administration imposed the tariffs on Canada, Mexico, and the EU and ended the exemptions, effective the following day.[42]
  • March 22, 2018—President Trump signed a memorandum using Section 301 of the Trade Act of 1974 that ordered the Office of the U.S. Trade Representative to begin several trade actions against China, including tariffs that could total around $50 billion.[43] The Trump Administration released its proposed tariffs on April 3, 2018.[44] On April 5, 2018, President Trump ordered the USTR to consider $100 billion more in tariffs against China.[45] On May 29, 2018, the Trump Administration announced it would move forward with the $50 billion tariffs, among other actions against China,[46] and it announced the details and implementation on June 15, 2018.[47] On June 18, 2018, President Trump directed the USTR to identify $200 billion worth of Chinese products to enact 10% tariffs on if China would refuse to change its behavior and not implement retaliatory tariffs,[48] something which it did on July 10, 2018.[49] On July 6, 2018, $34 billion worth of the tariffs went into effect.[50] On August 1, 2018, President Trump directed the USTR to consider raising the proposed $200 billion tariff rates to 25% from 10%.[51] On August 7, 2018, the Trump Administration finalized 25% tariffs on $16 billion worth of Chinese imports,[52] with the tariffs going into effect on August 23, 2018.[53] On September 17, 2018, the Trump Administration announced it would impose 10% tariffs on $200 billion worth of Chinese imports, with the rate planned to increase to 25% on January 1, 2019.[54]
  • April 19, 2018—President Trump signed an executive order that, among other changes, loosened U.S. regulations on arms exports to foreign countries and sped up the approval process for weapons sales, including those for military drones.[55]
  • May 14, 2018—The Trump Administration began the process of loosening regulations for certain small-arms exports and changing the agency giving approval from the State to Commerce Department.[56] It officially published the proposed rule changes on May 24, 2018.[57] In July 2018, President Trump approved the State Department's proposed implementation plan for the new policy.[58]
  • The Trump Administration, in an effort to save U.S. jobs, reached agreements with Qatar[59] and the United Arab Emirates[60] in a dispute over the two countries subsidizing their airlines.
  • May 21, 2018—The Commerce Department enacted high tariffs against Chinese steel products shipped from Vietnam in violation of U.S. anti-dumping and anti-subsidy rules.[61]
  • May 23, 2018—At the request of President Trump, the Commerce Department began an investigation into whether auto imports pose a national security threat to the U.S.[62]
  • June 8–9, 2018—At the annual G7 summit, President Trump took strong "America First" stances on trade and other issues,[63] and he retracted his country's support of the summit's joint statement due to false statements made by Canada's prime minister – the summit's host – against him.[64]
  • July 18, 2018—The Commerce Department announced it would investigate whether uranium imports threaten U.S. national security.[65]
  • August 10, 2018—President Trump announced the U.S. would double its aluminum and steel tariffs against Turkey, coming during a dispute over Turkey's detainment of an American pastor in the country as well as the devaluing of Turkey's Lira currency.[66]
  • August 23, 2018—President Trump signed a memorandum making it U.S. policy to end international mail discounts created by a UN agency which made it cheaper to send a product to the U.S. from a foreign country than from a location inside the United States.[67] On October 17, 2018, the Trump Administration formally announced it would begin the process of withdrawing from the Universal Postal Union.[68]
  • September 24, 2018—President Trump signed a revised trade agreement that his administration renegotiated with South Korea's president.[69] The agreement did not require Senate approval.[69]
  • November 7, 2018—The Commerce Department announced it would impose tariffs on Chinese aluminum sheet products, the first time since 1985 that it had enacted final tariffs in a self-initiated investigation.[70]

Proclamations, 2018

  • April 26, 2018—President Trump declared this day to be World Intellectual Property Day, stating that "our country will no longer turn a blind eye to the theft of American jobs, wealth, and intellectual property through the unfair and unscrupulous economic practices of some foreign actors."[71]

Other achievements, 2018

While the following achievements were not official United States government policy actions by the Trump Administration, they were closely related to the Trump Administration and its policies:

  • Through his trade actions, President Trump helped revive the GOP's historical support for tariffs.[72] By 2018, blue-collar manufacturing towns in the U.S. that had once supported Democrats had become strongly Republican, largely because of the GOP's and Trump's increasingly tough stance on trade issues.[73]
  • President Trump's enactment of aluminum and steel tariffs had a positive immediate effect on American manufacturers, with several steel companies restarting or even considering building factories.[74] For example, United States Steel announced it would increase operations in Granite City, Illinois, due to increased demand resulting from the tariffs[75] and Reliance Steel & Aluminum Co. announced a massive increase in business following the tariffs' enactment.[76] Additionally, Nucor announced it would build a new steel mill in Florida.[77] In June 2018, the steel company JSW announced it would invest $500 million to build a new steel plant in Ohio, something it announced after announcing an additional $500 million investment in an existing plant in Texas.[78] U.S. Steel announced in August 2018 that it would invest $750 million in its Gary, Indiana, plant, crediting the steel tariffs.[79] Braidy Industries moved forward in building a new aluminum mill that would create 550 new jobs.[80] A Louisiana pipe company reported excellent business because of the tariffs.[81] The American steel industry was "very happy" with the administration's tariffs.[82] Additionally, aluminum prices had actually fallen one month after President Trump announced tariffs on foreign aluminum products, in part due to increased production by U.S. aluminum producers.[83] By June 2018, President Trump's tariffs were attributed, at least in part, to the strong and rapid economic turnaround in the Iron Range of Minnesota,[84][85] in Michigan,[85] as well as the positive economic effect on Granite City, Illinois, as also briefly mentioned above.[86] An analysis by the Coalition for a Prosperous America in August 2018 found that since February 1 of that year, 11,100 jobs were created as a result of the Trump Administration's tariffs,[87] and that twenty times more jobs had been created than lost as a result of the tariffs.[88] Additionally, while not a direct effect of President Trump's trade policies, the economy continued its strong growth despite fears that the tariffs would slow growth,[89] and by the second quarter of 2018, U.S. productivity had risen to the highest level since 2015 despite fears that the tariffs would lower productivity.[90]
  • Exports rose 6.6% in May 2018, causing the United States's trade deficit to drop to the lowest level since October 2016,[91] and by August 2018, prospective military sales to U.S. allies reached $63 billion – 50% higher than in 2017 – despite fears that President Trump's tariffs would do the opposite.[92]
  • U.S. arms sales saw strong growth in 2018. By July 2018, the U.S. had already sold more weapons that year than the entire year in 2017,[93] and in Fiscal Year 2018, the dollar value of U.S. arms sales nearly reached the record set in 2012.[94]

References

  1. Multiple references:
  2. Multiple references:
  3. Trump signs executive orders to crack down on trade abuses, increase enforcement. Fox News. March 31, 2017. Retrieved March 31, 2017.
  4. Korte, Gregory (March 31, 2017). Trump executive orders will target trade 'cheaters'. USA Today. Retrieved March 31, 2017.
  5. Multiple references: See also:
  6. Alexander, Harriet (April 20, 2017). Donald Trump praises 'historic day for American steel' as he launches investigation into imports. The Telegraph. Retrieved April 20, 2017.
  7. Westwood, Sarah (April 20, 2017). Trump administration opens sweeping trade investigation. Washington Examiner. Retrieved April 21, 2017.
  8. Tobin, Michael (April 26, 2017). NAFTA: Wisconsin dairy farmers' uncertain fate escalates US-Canada trade war. Fox News. Retrieved April 27, 2017.
  9. Epstein, Jennifer; Light, Joe (April 25, 2017). Donald Trump intensifies Canadian trade dispute by placing huge import tariff on lumber. The Independent. Retrieved April 25, 2017.
  10. Skerritt, Jen (June 26, 2017). U.S. to Impose Additional Tariffs on Canadian Lumber Imports. Bloomberg. Retrieved November 3, 2017.
  11. Multiple references:
  12. Moons, Michelle (April 27, 2017). Trump Orders Investigation into National Security Threat of World Aluminum Excess. Breitbart News. Retrieved April 27, 2017.
  13. Korte, Gregory (April 29, 2017). On his 100th day in office, Trump orders review of free trade agreements. USA Today. Retrieved April 30, 2017.
  14. Greenwood, Max (April 29, 2017). Trump signs order calling for review of trade deals. The Hill. Retrieved April 30, 2017.
  15. Multiple references:
  16. Dinan, Stephen (May 18, 2017). Trump begins NAFTA renegotiation. The Washington Times. Retrieved May 18, 2017.
  17. Multiple references:
  18. Multiple references:
  19. Multiple references:
  20. Multiple references:
  21. Multiple references: Coal shipments started in August 2017:
  22. 22.0 22.1 Multiple references:
  23. 23.0 23.1 Multiple references:
  24. 24.0 24.1 Multiple references:
  25. Multiple references: USTR Lighthizer formally launched the investigation on August 18, 2017:
  26. Multiple references:
  27. Multiple references:
  28. Multiple references:
  29. Multiple references:
  30. Vinik, Danny (December 1, 2017). 5 things Trump did this week while you weren't looking. Politico. Retrieved December 2, 2017. The International Trade Commission approved the duties on January 3, 2018:
  31. Multiple references:
  32. Multiple references:
  33. Multiple references:
  34. Multiple references:
  35. Multiple references: See also: The Trump Administration also took trade actions against smaller nations:
  36. Multiple references: Specifically regarding China: See also:
  37. Jasper, William F. (August 22, 2018). “Made In China 2025” Master Plan Has Hit a Wall Named Trump. The New American. Retrieved August 22, 2018.
    See also:
  38. Multiple references: President Trump signed the tariffs into effect the next day: See also:
  39. 39.0 39.1 Multiple references:
  40. Multiple references:
  41. Multiple references: However, on August 29, 2018, President Trump signed two proclamations allowing for exemptions from the quotas enacted on South Korea, Brazil and Argentina:
  42. Multiple references: For the actual proclamations President Trump signed: The U.S. government had already collected over $110 million from the tariffs two weeks after they were imposed: See also:
  43. Multiple references: According to Voice of America, the last time Section 301 was used was during Bill Clinton's presidency: See also:
  44. Multiple references: See also:
  45. Multiple references:
  46. Multiple references:
  47. Multiple references: China retaliated to President Trump's tariffs:
  48. Multiple references: See also:
  49. Multiple references: China's reaction: See also:
  50. Multiple references: China announced it would retaliate with its own additional tariffs: The USTR's "'exclusion' process" from the tariffs: See also:
  51. Multiple references:
  52. Multiple references: China's reaction:
  53. Multiple references:
  54. Multiple references: China's response to the tariffs: See also:
  55. Multiple references: See also:
  56. Multiple references:
  57. Multiple references: See also:
  58. Multiple references: Conservative criticism of the policy: See also:
  59. Multiple references: See also:
  60. Multiple references: Some mainstream media outlets disputed that the agreements benefited the U.S.: U.S. airlines reacted positively to the agreement:
  61. Multiple references: See also:
  62. Multiple references: See also:
  63. Multiple references: President Trump also made strong statements on trade shortly before leaving for the summit: See also:
  64. Multiple references: See also:
  65. Multiple references:
  66. Multiple references: See also:
  67. Multiple references:
  68. Multiple references: See also:
  69. 69.0 69.1 Multiple references:
  70. Multiple references:
  71. Multiple references:
  72. Multiple references: The relationship between the U.S. and tariffs, in general: See also:
  73. Davis, Bob; Chinni, Dante (July 19, 2018). America’s Factory Towns, Once Solidly Blue, Are Now a GOP Haven. The Wall Street Journal. Retrieved July 19, 2018.
    See also:
  74. Multiple references: See also:
  75. Multiple references: See also:
  76. Multiple references:
  77. Lombardo, Cara (March 12, 2018). Nucor to Build New Florida Steel Mill as Domestic Producers Study Tariff Impact. The Wall Street Journal. Retrieved May 25, 2018.
    See also:
  78. Multiple references: See also:
  79. Multiple references:
  80. Binder, John (August 28, 2018). Aluminum Mill to Bring 550 Jobs Back to Kentucky Town Crippled by Free Trade. Breitbart News. Retrieved August 29, 2018.
    See also:
  81. Multiple references:
  82. Multiple references: See also:
  83. Multiple references: See also:
  84. Multiple references:
  85. 85.0 85.1 Binder, John (October 12, 2018). Trump Tariffs Win Higher Wages for Michigan, Minnesota Steelworkers. Breitbart News. Retrieved October 12, 2018.
  86. Multiple references:
  87. Binder, John (August 16, 2018). Study: Trump Tariffs Created More than 11K American Jobs in Six Months. Breitbart News. Retrieved August 16, 2018.
  88. Binder, John (August 17, 2018). Study: 20X as Many U.S. Jobs Created from Trump Tariffs than Jobs Lost. Breitbart News. Retrieved August 17, 2018.
  89. Multiple references: See also:
  90. Multiple references:
  91. Multiple references:
  92. Langford, James (August 13, 2018). Overseas military sales surge to $63 billion despite tariff woes. Washington Examiner. Retrieved August 13, 2018.
  93. Multiple references:
  94. Multiple references: