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Main » 2016 » December » 31 » Trump and US trade perspective: what is important to know
Trump and US trade perspective: what is important to know



Trump intends to return jobs to the US. These promises he repeats constantly. Now he has to fulfill them. Also, the newly elected president will tighten policy in respect of two of the leading trade partners of America: Mexico and China.




That could mean trade policy Trump for citizens?



Many things that are bought at Walmart and other stores - car dealerships, clothing stores and salons of mobile phones - can be much more expensive. 

Donald Trump intends to introduce duties on some products that come from China and Mexico in the United States. This can affect the price increases for the Americans, because the companies that import from China and Mexico, often face additional costs in the delivery of goods to consumers. 

Read: Forex automated trading! 

Jobs may also be struck, as millions of American jobs depend on trade with these two countries. If the volume of trade will reduce them, the jobs may disappear.

Who's in charge?


Remember these names: Peter Navarro and Wilbur Ross. Navarro was appointed head of the new state of the US Trade Council at the White House. Mr. Ross - a candidate for trade ministers. It is expected that they will lead the trade policies Trump. 

Robert Laythayzer is another key player: the sources said that it is the main contender for the post of US trade representative. 

As a "special representative in international negotiations" Trump appointed his old friend Jason Greenblatt - on real estate lawyer. 

Trump Why not arrange for trading of America?


He was sure that they contribute to the outflow of working professions abroad. Trump claims that they helped foreign countries, but a negative impact on the US labor market. 

It is true that the United States has lost nearly five million manufacturing jobs since 2000. One study MІT showed that the United States has lost about 1 million jobs in the manufacturing sector, which had been moved to China in the period from 1999 to 2011. 

But other studies show that trade is not the main cause of the loss of jobs. Machinery for many enterprises have replaced human labor. 

Why China and Mexico?


Along with Canada, China and Mexico make up the top three trade partners of America. They multiplied the manufacturing jobs, while the United States lost them. 

Trump does not recognize NAFTA for that high-paying manufacturing space after its signing have been moved from the US to Mexico. 

Evidence is contrary to Trump: in 2015, a non-partisan report of the Congressional Research Service found that NAFTA is not responsible for the massive loss of jobs, and this is not its main purpose. 

NAFTA has simplified the American companies to work in Mexico. Trump also can deprive them of this privilege. 

Trump intends to characterize China's "currency manipulator." But the name does not correspond to reality more since China is currently struggling with a strong currency fall. 

Many trade experts do not predict that jobs are unskilled in China's manufacturing back to America. Many of the open positions in the United States today are intended for highly skilled workers.


Based on materials WELTRADE


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