1. Objective: strengthen national security via industrial policy
1.1. Supply chain security/resilience
1.2. Incentivize reshoring
1.3. Investing in strategic sectors & future technologies
1.3.1. Reshoring incentives
1.3.2. drugs medical devices semiconductors electric vehicle batteries 5G telecommunications network equipment clean energy quantum computing artificial intelligence 5G high-speed rail race to end cancer
1.3.3. 5G coalition with democratic allies to develop secure, private-sector-led 5G networks
1.4. Leverage Defense Production Act: mobilize domestic industry for emergency preparedness “to its fullest extent to rebuild domestic manufacturing in critical supply chains”
1.4.1. Context
2. Objective: to restore global US leadership by rebuilding alliances and working through multilateral institutions
2.1. Coalitions
2.1.1. 5G
2.1.2. Multilateral Solutions
2.1.2.1. China strategy
2.1.2.2. Digital trade rules
2.1.2.2.1. Domestic privacy legislation
2.1.2.2.2. Digital trade chapters in agreements
2.1.2.2.3. E-commerce talks at WTO
2.1.2.2.4. Privacy Shield invalidation
2.1.2.3. Steel & aluminum overcapacity
2.1.2.3.1. Fix 232 product exclusion process
2.1.3. Jake Sullivan
2.1.3.1. BIDEN ADVISER SULLIVAN WARNS OF IDEOLOGICAL CONFLICT WITH CHINA:
2.1.4. Align with partners to confront China
2.1.4.1. Partner with EU and Australia
2.1.5. OECD
2.1.5.1. Public consultation on Digital Services Tax (DST)
2.2. Institutions
2.2.1. WTO?
2.2.1.1. Partner with EU and Australia on reform
2.2.1.2. Dispute resolution
2.3. Trade Agreements
2.3.1. Focus: existing, not new
2.3.2. Negotiations to include environmental and labor leaders
2.3.3. Asia discussions or TPP revisit?
2.3.3.1. Pro: House Ways & Means Rep. Murphy
2.3.3.2. Con: AFL-CIO
2.3.4. USMCA
2.3.4.1. AFL-CIO filing labor complaint * Mexico
2.3.4.2. Rapid Response Provision
2.3.5. Lever to fight global warming
3. Administration Leadership (Trade & Economics)
3.1. USTR Katherine Tai
3.1.1. Two primary concerns
3.1.1.1. Confronting China
3.1.1.2. Successful USMCA institutionalization
3.1.2. Trade policy = worker-centric, wholistic economic policy
3.1.3. Statements
3.1.3.1. National Foreign Trade Council 1.12.21
3.2. NEC Director Brian Deese
3.3. Priorities
3.3.1. Domestic policy over trade poilciy
3.3.2. prioritizing enforcement of existing commitments by the U.S.’s partners over negotiating more deals to open new export markets.
3.4. Sec. Raimondo
4. Objective: Post-Covid Economic Recovery
4.1. Economic investments --> Jobs
4.2. How? Overcome four national challenges
4.2.1. building a stronger industrial and innovation base so the future is made in America
4.2.2. building sustainable infrastructure and a clean energy future
4.2.3. building a stronger, caring economy
4.2.4. advancing racial equity across the board
5. Characteristics of trade policy agenda
5.1. promotes inclusive economic growth
5.2. Worker-centric
6. Objective: take strong action on US climate change without putting domestic industries at a competitive disadvantage.
6.1. Reduce carbon footprint
6.2. Incentivize green technologies
6.3. Carbon Tariffs
6.4. Trade Agreements as tool for...
7. Objective: secure access to overseas markets
7.1. Combat overseas market trade barriers
7.1.1. DST
7.2. Resist protectionism
8. Objective: Boost U.S. manufacturing competitiveness and ease the nation’s reliance on imports for critical products
8.1. Buy American provisions
8.1.1. EO 1.25.21
8.1.1.1. Fact Sheet
8.1.1.2. Text
8.1.1.3. Commentary
8.1.1.3.1. U.S. Chamber
8.1.1.3.2. Support
8.2. Government procurement = policy tool
8.3. Export restrictions for sensitive industries
8.4. Steel & alumininum tariffs?
8.4.1. industries, and unions support tariffs; US Chamber opposes
9. Congress
9.1. Rep. Delbene
9.1.1. Reestablish global relationships
9.1.2. Congressional Priorities
9.1.2.1. Assess MTB
9.1.2.2. Assess GSP
9.1.2.3. TPA status
9.2. Rep. Earl Blumenauer
9.2.1. GSP
9.2.2. Carbon Tariffs
9.2.3. Continue TPA status
9.3. House Ways and Means Committee
9.3.1. Policy Inequities Report 2021
9.4. Rep. Stephanie Murphy (House Ways & Means)
9.5. Democrats propose adding Paris Climate Agreement commitments to USMCA
10. INCLUSIVE PROSPERITY FOR MIDDLE CLASS
10.1. DOMESTIC ECONOMIC TOOLS
10.2. INTERNATIONAL ECONOMIC TOOLS
10.3. TRADE TOOLS
10.3.1. Worker-centered trade policy
11. China
11.1. Blocking Statute (1/21)
11.2. Trump Tariffs
11.2.1. Chamber urging Biden to remove & continue longer term talks
11.3. Tactics
11.3.1. Treasury
11.3.1.1. “the full array of tools to counter China’s abusive practices.”
11.4. *"Out-compete"
11.5. CFIUS
11.5.1. Biden is reportedly beefing up the national security panel CFIUS to scrutinize Chinese investment in US tech startups
11.6. Shenzen human rights concerns
11.6.1. Impact on supply chain