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The Case for Fair Trade

… that account for more than 60 percent of total U.S. trade and 98 percent of U.S. trade that is not covered by free trade agreements (FTAs). Within this broad sample of 132 … - page 769

… Trade Deficit Impacts of the U.S. - 11347 Trade Deficit Impacts of the U.S. Reciprocal Trade Act. Under current United States laws and regulations, … - page 770

… of the Union address to pass the United States Reciprocal Trade Act (USRTA).” Under the USRTA, the President would … the foreign partner’s tariffs. Chapter The Case for Fair Trade Page number 770 … To address this nonreciprocity … of the Union address to pass the United States Reciprocal Trade Act (USRTA).” Under the USRTA, the President would … - page 770

… the introduction of the USRTA, the White House Office of Trade and Manufacturing Policy (which the author directed) … implementation of the USRTA might have on the overall U.S. trade deficit in goods and the large bilateral trade deficits the U.S. runs with many of its major trading … - page 770

… its tariffs to mirror levels. To Chapter The Case for Fair Trade Page number 770 … Two Scenarios. Scenario One in Table … - page 770

… Trade Deficit Reductions Under Alternative USRTA - 11354 Trade Deficit Reductions Under Alternative USRTA Scenarios Chapter The Case for Fair Trade Page number 771 … Trade Deficit Reductions Under … - page 771

… REDUCTION IN U.S. TRADE DEFICIT WITH - 11355 REDUCTION IN U.S. TRADE DEFICIT WITH WORLD Chapter The Case for Fair Trade Page number 771 … REDUCTION IN U.S. TRADE DEFICIT WITH … - page 771

… NOTE: USRTA—US. Reciprocal Trade Act. - 11357 NOTE: USRTA—US. Reciprocal Trade Act. Chapter The Case for Fair Trade Page number 771 … NOTE: USRTA—US. Reciprocal Trade … - page 771

… SOURCE: White House Office of Trade - 11358 SOURCE: White House Office of Trade and Manufacturing Policy, The United States Reciprocal Trade Act: Estimated Job & Trade Deficit Effects, May 2029, … - page 771

… calculate the trade deficit reductions under - 11360 calculate the trade deficit reductions under Scenario One and Scenario … provides the simulation results. Chapter The Case for Fair Trade Page number 771 … calculate the trade deficit … - page 771

… nonreciprocal tariffs to U.S. levels, the overall U.S. trade deficit in goods would be reduced by $58.3 billion, or … mirror those countries’ levels, the reduction in the U.S. trade deficit would be slightly larger: an estimated $63.6 … 350,000 and 380,000 jobs . Chapter The Case for Fair Trade Page number 771 … In Scenario One, if all 132 … - page 771

… in the - 11362 The slightly larger reduction in the trade deficit in Scenario Two as a result of the US. raising … steeped in Ricardian dogma and the textbook lessons of free trade. However, this result speaks to the fact that so many … thousands of American products. Chapter The Case for Fair Trade Page number 771 … The slightly larger reduction in the … - page 771

… Bilateral - 11363 Estimated Impacts on Key U.S. Bilateral Trade Deficits. If the USRTA were enacted, a President would … be to choose those countries that have relatively large trade deficits with the U.S. and apply relatively high … This is illustrated in Figure 1, which maps bilateral trade deficits Chapter The Case for Fair Trade Page number … - page 771

… Mapping Bilateral Trade Deficits Against Tariff - 11366 Mapping Bilateral Trade Deficits Against Tariff Differentials Chapter The Case for Fair Trade Page number 771 … Mapping Bilateral Trade Deficits … - page 771

… ® Largest bilateral trade deficit and/or - 11367 ® Largest bilateral trade deficit and/or largest tariff differential Second-to-largest bilateral trade deficit and/or second-to-largest bilateral tariff … - page 771

… 0 $50 $100 $150 $200 $250 $300 $350 $400 $450 BILATERAL TRADE DEFICIT, 2018, IN BILLIONS OF U.S. DOLLARS Chapter The Case for Fair Trade Page number 771 … 0 $50 $100 $150 $200 $250 $300 $350 $400 $450 BILATERAL TRADE DEFICIT, 2018, IN BILLIONS OF U.S. DOLLARS … 0 50 100 … - page 771

… SOURCE: White House Office of Trade - 11376 SOURCE: White House Office of Trade and Manufacturing Policy, The United States Reciprocal Trade Act: Estimated Job & Trade Deficit Effects, May 2019, … - page 771

… partners, which account for 47.6 percent of total U.S. trade and 88.6 percent of the U.S. trade deficit in goods. Chapter The Case for Fair Trade Page number 771 … against tariff differentials for … - page 771

… high tariff differentials. Chapter The Case for Fair Trade Page number 771 … Figure 1 shows that the USRTA … - page 771

… in - 11380 Table 4 estimates the improvement in the U.S. trade deficit under Scenario One, in which partner countries … tariff rate under pressure from Chapter The Case for Fair Trade Page number 771 … Table 4 estimates the improvement in the U.S. trade deficit under Scenario One, in which partner countries … - page 771

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