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1.17 MB
Extraction Summary
5
People
4
Organizations
4
Locations
2
Events
5
Relationships
3
Quotes
Document Information
Type:
Briefing document
File Size:
1.17 MB
Summary
This document outlines the potential trade policy landscape for 2017 following the election of President-elect Trump. It discusses his campaign positions, such as opposing the TPP and renegotiating NAFTA, and contrasts them with the stances of key congressional figures and the dim prospects for ongoing trade negotiations like the TPP and TTIP. The document also touches on the possibility of new trade agreements, such as one with the U.K. following Brexit.
Organizations (4)
| Name | Type | Context |
|---|---|---|
| Senate Finance Committee | ||
| House Ways and Means Committee | ||
| Congress | ||
| EY |
Timeline (2 events)
Election 2016
Brexit
Relationships (5)
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President-elect
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Mentioned throughout as setting a new trade agenda.
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Senate Finance Committee Chairman
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May be at odds with Trump's trade agenda due to his past support for trade agreements.
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Speaker
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A House Republican leader who played a role in advancing President Obama's trade initiatives.
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Ways and Means Chairman
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A House Republican leader who played a role in advancing President Obama's trade initiatives.
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President
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His trade initiatives were advanced through Congress by Republican leaders.
Key Quotes (3)
"During the campaign, President-elect Trump argued vigorously against the proposed Trans-Pacific Partnership (TPP), vowed to renegotiate the North American Free Trade Agreement (NAFTA) and pledged to label China as a currency manipulator, which could trigger the imposition of significant tariffs on Chinese imports."Source
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Quote #1
"A key question is how closely they will work to support President-elect Trump's trade restrictionist agenda."Source
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Quote #2
"Prospects for TTIP are dim, given the President-elect's trade priorities and a potential chill in US-EU relations."Source
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Quote #3
Full Extracted Text
Complete text extracted from the document (1,955 characters)
Trade
Trade legislative issues could figure prominently in 2017.
During the campaign, President-elect Trump argued
vigorously against the proposed Trans-Pacific Partnership
(TPP), vowed to renegotiate the North American Free
Trade Agreement (NAFTA) and pledged to label China as
a currency manipulator, which could trigger the
imposition of significant tariffs on Chinese imports.
During the campaign, President-elect Trump argued
vigorously against the proposed Trans-Pacific Partnership
(TPP), vowed to renegotiate the North American Free
Trade Agreement (NAFTA) and pledged to label China as
a currency manipulator, which could trigger the
imposition of significant tariffs on Chinese imports.
Senate Finance Committee. President-elect Trump may
find himself somewhat at odds on his trade agenda with
Senate Finance Committee Chairman Hatch who has
supported numerous trade agreements during his
congressional tenure.
find himself somewhat at odds on his trade agenda with
Senate Finance Committee Chairman Hatch who has
supported numerous trade agreements during his
congressional tenure.
House Ways and Means Committee. House Republican
trade leaders-including Speaker Ryan and Ways and
Means Chairman Brady - played a pivotal role in
advancing President Obama's trade initiatives through
Congress, including passage of Trade Promotion
Authority (TPA) in 2015. A key question is how closely
they will work to support President-elect Trump's trade
restrictionist agenda.
trade leaders-including Speaker Ryan and Ways and
Means Chairman Brady - played a pivotal role in
advancing President Obama's trade initiatives through
Congress, including passage of Trade Promotion
Authority (TPA) in 2015. A key question is how closely
they will work to support President-elect Trump's trade
restrictionist agenda.
Trans-Pacific Partnership Agreement. Unless TPP can
be approved in the 2016 lame-duck session (an extremely
unlikely prospect, as discussed above), TPP will not be
ratified.
be approved in the 2016 lame-duck session (an extremely
unlikely prospect, as discussed above), TPP will not be
ratified.
Transatlantic Trade and Investment Partnership
Agreement. US and EU trade negotiators failed to make
much meaningful progress on TTIP in 2016. Prospects for
TTIP are dim, given the President-elect's trade priorities
and a potential chill in US-EU relations.
Agreement. US and EU trade negotiators failed to make
much meaningful progress on TTIP in 2016. Prospects for
TTIP are dim, given the President-elect's trade priorities
and a potential chill in US-EU relations.
Other trade agreements? The Trade Promotion
Authority, enacted in 2015, provides enhanced fast-track
procedures for trade agreements reached before July 1,
2018, with a possible extension to July 1, 2021. Will
President-elect Trump decide to launch additional trade
agreements that could be considered under the fast-track
authority in Congress? Following the U.K. vote on Brexit
this summer, some Members of Congress expressed an
interest in a possible US-U.K. free trade agreement.
Authority, enacted in 2015, provides enhanced fast-track
procedures for trade agreements reached before July 1,
2018, with a possible extension to July 1, 2021. Will
President-elect Trump decide to launch additional trade
agreements that could be considered under the fast-track
authority in Congress? Following the U.K. vote on Brexit
this summer, some Members of Congress expressed an
interest in a possible US-U.K. free trade agreement.
EY
23 | Election 2016
23 | Election 2016
HOUSE_OVERSIGHT_022395
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