Last Friday, President Trump unveiled his grand strategy for American prosperity: the 2019 Trade Policy Agenda. This forward-looking report from the US Trade Representative maps out America’s deliverance from the bad deals, weak guardrails and sluggish growth that have handicapped decades of international trade.
It fulfills a key pledge made on the 2016 campaign trail: “The era of economic surrender will finally be over . . . under a Trump presidency, American workers will finally have a President to protect them and fight for them.”
On Jan. 20, 2017, the Trump administration inherited a broken global trade system in which overseas competitors and governments stole our technology, unfairly subsidized national champions and dumped their products into our markets.
US multinationals responded by offshoring jobs and leaving good workers and American manufacturing strongholds in the lurch. After China joined the World Trade Organization in 2001, it failed to fully abide by WTO rules and the damage grew. The US would subsequently shutter over 70,000 factories and lose millions of manufacturing jobs.