The U.S.-China deal’s “dispute resolution” mechanism is a step backwards, and is less likely to induce reform in China on intellectual property, technology transfer, and other issues than the dispute provisions found in most other trade agreements.
President Trump has spent his first two years in office complaining about the trade deficit, imposing higher tariffs and haranguing countries into opening their markets. And yet the trade deficit keeps rising. What gives?
Beyond any progressive tweaks, the House Democrats should demand that the administration make changes to the broader procedural and structural provisions of the USMCA to ensure that it can be enforced and updated when needed.