Lighthizer Touts a Week of Deals
December 15 2019 - 1:36PM
Dow Jones News
By Richard Rubin
WASHINGTON -- The U.S.-China trade deal marks a step toward
integrating two economic systems, capping an important week for
American trade policy, U.S. Trade Representative Robert Lighthizer
said.
Mr. Lighthizer, President Trump's lead trade negotiator, on
Sunday also praised the U.S.-Mexico-Canada trade agreement the
House of Representatives is expected to approve this week.
"It was extremely momentous and indicative of where we're going,
what this president has accomplished," Mr. Lighthizer said of
advances in the two trade negotiations.
Mr. Lighthizer, appearing on CBS, described the China deal as
encompassing more than agriculture, saying it has real enforcement
mechanisms and provisions that address currency and financial
services. But the limited deal leaves many disputed issues to later
negotiations.
Subsequent phases of U.S.-China talks will depend on how the
first phase is implemented and enforced, he said.
"It really is a remarkable agreement, but it's not going to
solve all the problems," he said. "Whether this whole agreement
works is going to be determined by who's making the decisions in
China, not in the United States. If the hard-liners are making the
decisions, we're going to get one outcome. If the reformers are
making the decisions, which is what we hope, then we're going to
get another outcome."
On USMCA, Mr. Lighthizer said the administration made a
concession to Democrats on biologic drugs. The administration
removed language that would have protected those expensive drugs
from generic imitators for 10 years.
But he praised the enhanced enforcement of Mexican labor
standards that helped bring Democrats on board.
"There's nothing about being against labor enforcement that's
Republican, " he said.
The labor changes helped get Sen. Sherrod Brown (D., Ohio) to
back the trade deal, a first for him.
"This agreement, because we've got these labor standards that
will lift workers up, makes sense," Mr. Brown said on CNN.
Sen. Pat Toomey (R., Pa.), described the deal as a capitulation
to House Speaker Nancy Pelosi (D., Calif.) and union leaders. He
also said the deal would reduce cross-border North American trade
in a misguided effort to reduce bilateral trade deficits.
"Unfortunately, USMCA is an exercise through all kinds of new
provisions to diminish trade, and that's why I hope Republicans
reconsider this," he said on NBC. "We have historically recognized
we're all better off with more open markets."
Write to Richard Rubin at richard.rubin@wsj.com
(END) Dow Jones Newswires
December 15, 2019 13:21 ET (18:21 GMT)
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