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<span style="font-size:9.0pt;font-family:"Arial","sans-serif";color:#CC0000">This Week In Trade<o:p></o:p></span></h3>
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<span style="font-size:22.0pt;font-family:"Arial","sans-serif";color:#333333">Trump to announce trade policy as critical component of national security strategy<o:p></o:p></span></h1>
<p class="MsoNormal" style="background:white"><span style="font-size:12.0pt;font-family:"Arial","sans-serif";color:black">December 18, 2017<o:p></o:p></span></p>
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<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">President Trump will release his 2018 national security strategy today and combating
<u>unfair trade practices</u> and leveling out trade imbalances will be crucial aspects of the second pillar of the White House plan.<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">The second of four pillars of the plan -- Promote American Prosperity -- includes trade policy as a central focus.<o:p></o:p></span></p>
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<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">“For 70 years, the United States has embraced a strategy premised on the belief that leadership of a stable international economic system
rooted in American principles of reciprocity, free markets, and free trade served our economic and security interests,” the strategy says. “The United States helped expand the liberal economic trading system to
<u>countries that did not share our values</u>, in the hopes that these states would liberalize their economic and political practices and provide commensurate benefits to the United States. Experience shows that these countries distorted and undermined key
economic institutions without undertaking significant reform of their economies or politics.
<u>They espouse free trade rhetoric and exploit its benefits, but only adhere selectively to the rules and agreements</u>.”<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">To “promote free, fair, and reciprocal economic relationships,” the strategy includes five priority actions: adopt
<u>new trade and investment agree</u>ments and modernize existing ones; counter <u>
unfair trade practices</u>; counter foreign corruption; work with like-minded partners; and facilitate new market opportunities. Priority actions included in other headings of the second pillar include protecting intellectual property, protecting data, and
promoting energy exports.<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">The U.S. national security strategy in Europe also includes a focus on
<u>unfair Chinese practices</u>.<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">“The United States will work with the European Union, and bilaterally with the United Kingdom and other states, to ensure fair and reciprocal
trade practices and eliminate barriers to growth,” the strategy says. “We will work with our partners to contest China’s unfair trade and economic practices and restrict its acquisition of sensitive technologies.”<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black">Trump will give remarks on the national security strategy at 2 p.m. at the Ronald Reagan International Trade Center … [snip]<o:p></o:p></span></p>
<p style="margin:0in;margin-bottom:.0001pt;background:white"><span style="font-family:"Arial","sans-serif";color:black"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-family:"Bell MT","serif"">Michael F. Dolan, J.D.<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-family:"Bell MT","serif"">Legislative Representative<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Bell MT","serif"">International Brotherhood of Teamsters<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Bell MT","serif"">Desk 202.624.6891<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Bell MT","serif"">Fax 202.624.8973<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-family:"Bell MT","serif"">Cell 202.437.2254<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
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