Presidential Candidates Discuss TPP and Other Trade and Manufacturing Issues as Election Day Approaches

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In these last few weeks before Election Day, presidential candidates Hillary Clinton and Donald Trump continue to highlight their positions on issues relating to trade and manufacturing. Discussions of trade deals, including the pending Trans-Pacific Partnership (TPP), have been key components of stump speeches and talking points throughout the campaign, particularly for Donald Trump.

In all three of the presidential debates, Donald Trump and Hillary Clinton were consistent in the points they focused on related to trade. Trump continuously criticized the North American Trade Agreement (NAFTA) signed by President Bill Clinton, referring to it as the “single worst trade deal ever approved in this country” and “the worst trade deal maybe ever signed anywhere.” He said that trade agreements like NAFTA have led to American jobs being “sucked” out of the country. Trump stressed the need to renegotiate trade deals, an issue that has been a key focus of his campaign and is essential for many of the white working-class voters that make up his base. Trump called the country’s $800 billion dollar trade deficit “inconceivable.” He has not offered much detail on what he would do differently, simply saying that his Administration would “make great deals.”

Trump criticized Clinton for her initial support of TPP and noted that at one time she even referred to it as the “gold standard of trade deals.” In response, Clinton said that the charge is “just not accurate.” She said she was “against it once it was finally negotiated and the terms were laid out.” Hillary Clinton formally came out against TPP in October 2015.

Hillary Clinton stated the need to have “smart, fair trade deals,” without going into detail about the types of trade deals she may support as president. One point that Clinton has been stressing, mentioning it in all three debates, is the need to establish the position of trade prosecutor. “I’m going to have a special prosecutor. We’re going to enforce the trade deals we have, and we’re going to hold people accountable,” Clinton said. In the second debate, Clinton called out Trump for buying steel that China illegally dumped in the United States and using it to build his buildings, “putting steelworkers and American steel plants out of business.” She noted that that is one of the reasons she would have a trade prosecutor “to make sure that we don’t get taken advantage of by China on steel or anything else.”

Despite Treasury Secretary Jack Lew’s recent optimism that TPP will be passed during the lame duck session of Congress, House Speaker Paul Ryan has insisted that TPP will not even be brought up because the votes are not there to pass it. So it is likely that TPP will have to be dealt with by whoever takes over the White House in January.

 

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