Trump turns to trade fights now that the Mueller probe is mostly out of the way
President Donald Trump will throw himself fully into his battle to overhaul U.S. trade deals this week with special counsel Robert Mueller's Russia investigation — mostly — behind him.
Trump has railed against China, Mexico and Canada's trade practices for years and sees the criticism as a central part of his political appeal. He now stands closer than ever to reworking trade relationships with all three countries as he looks for signature policy achievements to promote on the 2020 campaign trail.
Trump, who is fixated on reducing the U.S. trade deficit with China, wants Beijing to buy"double or triple" the $1.2 trillion in U.S. products it previously offered to purchase. It is also unclear how fully China will address U.S. concerns about intellectual property theft and forced technology transfers. Bipartisan lawmakers including Senate Minority Leader Chuck Schumer, D-N.Y.
Blumenauer told CNBC that he has"some reservations" about a provision that would shield pharmaceutical companies making certain drugs from competition for 10 years, among other concerns lawmakers have about the deal. While Trump has pushed for swift ratification of the agreement, Blumenauer said the timeline for Congress to approve an agreement is"fluid." He noted that House Democrats are"not going to be bound" by"artificial deadlines."
The move would come with its own political risks. Trump's tariff policy has sparked more backlash from Republicans on Capitol Hill than just about anything the president has done since he took office.
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