USTR Froman: Confident There Is Necessary Support for TPP

The transcript discusses the integrity and responsibilities of the office, potential changes with the new administration, and the role of the US Trade Representative. It covers enforcement actions against China, WTO litigation, and the importance of trade enforcement. The conversation shifts to the Trans-Pacific Partnership (TPP), political changes in Congress, and the potential for a US-UK trade agreement post-Brexit. The discussion concludes with the economic merits of trade agreements, the need for inclusive economic policies, and concerns about globalization.

What is one of the unique aspects of the US Trade Representative's office?

• It handles all domestic trade policies.

• It is responsible for setting tariffs.

• It has a professional set of negotiators specialized in trade law.

• It operates independently of the White House.

What is a key reason for the US bringing enforcement actions against China in the WTO?

• To establish new trade agreements with China.

• To reduce trade with China.

• To ensure China complies with its trade obligations.

• To increase tariffs on Chinese goods.

What was a significant challenge for the TPP in Congress?

• Insufficient support from the Democratic Party.

• Inadequate negotiation terms.

• Political opposition.

• Lack of economic benefits.

What is a potential risk of a long interregnum period without a trade deal between the US and the UK?

• Economic uncertainty and instability.

• Loss of trade sovereignty for the UK.

• Strengthened trade relations with the EU.

• Increased tariffs on UK goods.

Why is it not possible to negotiate a trade agreement if the UK has a customs union with the EU?

• The UK would have to follow EU tariffs.

• The EU would not allow it.

• The US would not be interested.

• The UK would lose its trade negotiators.

What is a key focus for future US trade policy according to the transcript?

• Expanding trade with South America.

• Increasing tariffs on imports.

• Supporting better-paying jobs in the US.

• Reducing trade with China.

What is a suggested approach to help those adversely affected by globalization?

• Reducing international trade agreements.

• Increasing tariffs on foreign goods.

• Providing better education and training programs.

• Implementing stricter immigration policies.