Chunlian “Lian” Yang, Alston & Bird
3 Key Takeaways
- The Trump Administration’s international trade agenda will continue to evolve as it pushes for “better deals” with trading partners. However, it is far from clear whether the efforts will achieve the intended goals of reducing U.S. trade deficits and bringing manufacturing jobs back to the United States, or backfire.
- The trend of increasing trade remedy actions and trade enforcement will continue.
- NAFTA renegotiations will resume in November 2017. Major breakthroughs are unlikely if the Administration makes no compromise on issues relating to the rules of origin, sunset clause and dispute settlement