Congressman Tim Ryan Responds to President Trump's Executive Action on Trade
Washington, DC – Congressman Tim Ryan today released the following statement after President Trump’s signing of two executive orders on US Trade policy. His first order instructs his administration to examine the causes of US trade deficits with China and other major trading partners and report back to him within 90 days with possible actions to reduce these gaps. The second order directs the Administration to enforce penalties against countries that break trade rules to gain an unfair advantage.
“Unfair trade practices have hurt communities in Northeast Ohio and across the US for decades. President Trump spoke at length about these inequities during the campaign, promising immediate action to level the playing field if elected. But now that he sits in the Oval Office he’s opted for theatric signings of executive orders that do very little, instead of the doing the bold action he promised like declaring China a currency manipulator on day one or looking at ways to fix NAFTA. The Administration’s actions should represent a genuine desire to establish a new rulebook for trade, and not just a halfhearted attempt to change the subject while maintaining the status quo. While efforts to collect the $2.8 billion in unpaid trade penalties should be encouraged, we lose that much every three days to our trade deficit with China, so that is no substitute for a reformed approach to trade that benefits all Americans. I will be watching President Trump’s future actions following this report very closely to make sure he is serious about confronting this important issue, and I will continue to fight for the men and women in my district who need a voice in these trade negotiations .”