Page 18 - SCBJ-201612
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HLIGHT Trump’s China Policy:
Possibilities for
Currency Legislation
and Tariffs
By: Erin Ennis, Senior Vice President, U.S.-China Business Council
While President-elect that unfairly impact American workers” two China-related actions that may be
Donald Trump’s policies and direct them to use “every tool under pursued early in his presidency: currency
and personnel choices remain unclear, American and international law” to end legislation and tariffs. Those initiatives
companies should anticipate two China- them. would likely do little to achieve Trump’s
related actions that may be pursued early goals to reduce the bilateral trade deficit,
in his presidency: currency legislation Additional information on the incoming reshore manufacturing, and create jobs,
and tariffs. Those initiatives would Administration’s potential trade plans in a but China would almost certainly react
likely do little to achieve Trump’s goals “leaked transition memo1” included: with countermeasures of its own that
to reduce the bilateral trade deficit, could harm American companies and the
reshore manufacturing, and create jobs, • Submitting currency legislation economy.
but China would almost certainly react to Congress, presumably to allow the
with countermeasures of its own that Administration to more easily declare Trump’s transition team last week issued
could harm American companies and the China (and other countries) currency a Contract with the American Voter1 that
economy. manipulators and impose specific details plans for his first 100 days in office.
sanctions if a trading partner does not Two China-related actions are included in
Trump’s transition team last week issued comply with US requests to alter its the list:
a Contract with the American Voter1 that exchange rate policies; • Directing the Treasury Secretary
details plans for his first 100 days in office. to label China as a currency manipulator;
Two China-related actions are included in • Ordering the Committee on
the list: Foreign Investment in the US (CFIUS) • Directing the Secretary of
• Directing the Treasury Secretary to include food security in its national Commerce and US Trade Representative
to label China as a currency manipulator; security reviews of foreign acquisitions; to identify “all foreign trading abuses
that unfairly impact American workers”
• Directing the Secretary of • Using reciprocity as a basis for and direct them to use “every tool under
Commerce and US Trade Representative reviewing proposed foreign investment in American and international law” to end
to identify “all foreign trading abuses the United States. them.
Additional information on the incoming
1 Contract with the American Voter and leaked While President-elect Donald Trump’s Administration’s potential trade plans in a
transition memo: http://edition.cnn.com/2016/11/15/ policies and personnel choices remain “leaked transition memo1” included:
politics/donald-trump-trade-memo-transition/index. unclear, companies should anticipate
html
Possibilities for
Currency Legislation
and Tariffs
By: Erin Ennis, Senior Vice President, U.S.-China Business Council
While President-elect that unfairly impact American workers” two China-related actions that may be
Donald Trump’s policies and direct them to use “every tool under pursued early in his presidency: currency
and personnel choices remain unclear, American and international law” to end legislation and tariffs. Those initiatives
companies should anticipate two China- them. would likely do little to achieve Trump’s
related actions that may be pursued early goals to reduce the bilateral trade deficit,
in his presidency: currency legislation Additional information on the incoming reshore manufacturing, and create jobs,
and tariffs. Those initiatives would Administration’s potential trade plans in a but China would almost certainly react
likely do little to achieve Trump’s goals “leaked transition memo1” included: with countermeasures of its own that
to reduce the bilateral trade deficit, could harm American companies and the
reshore manufacturing, and create jobs, • Submitting currency legislation economy.
but China would almost certainly react to Congress, presumably to allow the
with countermeasures of its own that Administration to more easily declare Trump’s transition team last week issued
could harm American companies and the China (and other countries) currency a Contract with the American Voter1 that
economy. manipulators and impose specific details plans for his first 100 days in office.
sanctions if a trading partner does not Two China-related actions are included in
Trump’s transition team last week issued comply with US requests to alter its the list:
a Contract with the American Voter1 that exchange rate policies; • Directing the Treasury Secretary
details plans for his first 100 days in office. to label China as a currency manipulator;
Two China-related actions are included in • Ordering the Committee on
the list: Foreign Investment in the US (CFIUS) • Directing the Secretary of
• Directing the Treasury Secretary to include food security in its national Commerce and US Trade Representative
to label China as a currency manipulator; security reviews of foreign acquisitions; to identify “all foreign trading abuses
that unfairly impact American workers”
• Directing the Secretary of • Using reciprocity as a basis for and direct them to use “every tool under
Commerce and US Trade Representative reviewing proposed foreign investment in American and international law” to end
to identify “all foreign trading abuses the United States. them.
Additional information on the incoming
1 Contract with the American Voter and leaked While President-elect Donald Trump’s Administration’s potential trade plans in a
transition memo: http://edition.cnn.com/2016/11/15/ policies and personnel choices remain “leaked transition memo1” included:
politics/donald-trump-trade-memo-transition/index. unclear, companies should anticipate
html
