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Significance
President Donald Trump's administration is pushing to reform the international trade system and bilateral trade arrangements with US partners to bolster US economic activity. The administration is also pushing to maintain US dominance in key sectors, particularly against China.
Impacts
Existing trade deals could limit the administration’s ability to isolate China via forthcoming US free trade deals.
Trump’s freedom to make new free trade deals could be constrained if Democrats make gains in November’s midterm elections.
Further emergency federal money may be needed to support retaliatory tariff-hit US voters.
Keywords:
United States,
NA,
Canada,
China,
EU,
Japan,
Latin America,
Mexico,
NAFTA,
Philippines,
South Korea,
United Kingdom,
US/INT,
economy,
foreign investment,
foreign policy,
foreign trade,
government,
Food Retailing,
Food & Tobacco
© Oxford Analytica 2020. All rights reserved. This content contains general information about geopolitical, macroeconomic and social developments or (where stated) other matters. It does not contain advice or recommendations that may be relied on. Where links to external websites are provided, this does not indicate that Oxford Analytica or Emerald agree with, endorse or have checked for accuracy the contents of said sites.
2018
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