Congress Should Have More Say on Trade Policy, NFTC's Yerxa Says

The transcript discusses the ongoing trade negotiations between the US and China, highlighting the potential for compromise despite existing damages. It emphasizes the role of Congress in regulating trade and addressing the administration's overreach in imposing tariffs. The potential for WTO disputes is explored, along with the impact of trade tactics on business uncertainty. The discussion also covers China's role in global trade and the importance of multilateral pressure to ensure adherence to international rules.

What is the main concern about the US administration's approach to tariffs on China?

• It is too lenient.

• It is too slow.

• It is too hasty and unilateral.

• It is too collaborative.

What is the suggested alternative to a unilateral tariff policy?

• Building stronger international rules.

• Focusing on bilateral agreements.

• Increasing domestic production.

• Reducing trade with China.

What authority does Congress have under the US Constitution regarding international trade?

• To negotiate trade deals.

• To enforce trade agreements.

• To regulate international trade.

• To impose tariffs directly.

What is the potential outcome if the US imposes tariffs under Section 301?

• A new trade agreement.

• A WTO dispute.

• Increased US exports.

• Immediate tariff removal.

What is the role of the WTO in the context of US-China trade disputes?

• To impose sanctions on China.

• To mediate and resolve disputes.

• To negotiate new trade deals.

• To support US tariffs.

What is a major concern for businesses during trade negotiations?

• Excessive government support.

• Uncertainty about trade measures.

• Overregulation by the WTO.

• Lack of new markets.

How can the US effectively pressure China according to the final section?

• By forming alliances with other countries.

• By withdrawing from the WTO.

• By increasing tariffs unilaterally.

• By ignoring multilateral rules.