Democratic candidate Beto O’Rourke releases trade plan that would end Trump’s China tariffs – CNBC
Democratic presidential candidate Beto O’Rourke released a trade plan Thursday that would end President Donald Trump’s tariffs on China and make various reforms meant to boost American workers.
The former Texas congressman’s proposal would toss out the White House’s tariffs on Chinese goods in exchange for Beijing scrapping duties on American products, according to his campaign. O’Rourke would also pursue changes to the World Trade Organization, measures to crack down on China’s alleged unfair trade practices and trade deals with stronger labor and environmental protections.
“Trade is not the problem — Trump is. His trade war has been a disaster for American farmers and workers — but it’s on us to offer a compelling alternative,” O’Rourke said in a statement Thursday.
Criticism of Trump’s trade policy from the jammed Democratic field has started to increase as concerns grow about the conflict with China dragging on economic growth. While some of the potential Democratic nominees have for years slammed U.S. trade deals as unfair to American workers — a stance that overlaps with Trump’s views — they have also called the president’s policies reckless and dangerous.
Sen. Elizabeth Warren, D-Mass., and Sen. Bernie Sanders, I-Vt., among others, have released their own trade plans. They have broadly called for stronger labor and environmental standards in American trade deals. Many Democrats in Congress currently oppose Trump’s updates to the North American Free Trade Agreement because they worry it will not go far enough to protect workers and the planet.
Getting China to change its trade policy will prove difficult for any U.S. president, as Trump has learned. His administration has struggled to strike a trade agreement with Beijing even after putting tariffs on about $550 billion in Chinese products.