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Biden s trade reset depends on what happens with trade promotion authority

TPA debuted in the 1974 Trade Act. It allows the president to negotiate a trade deal and submit it to Congress for an up-or-down vote on a set timeline. This means no amendments and ensures that a vote is actually held, which in turn makes trade negotiations more credible in the eyes of domestic stakeholders and foreign trade partners. It’s about Congress and the president talking from the same script. TPA is set to expire on July 1, 2021. To reset U.S. trade policy, Biden should start by asking for TPA. But there may be a problem. President Trump ADVERTISEMENT That would be a mistake. TPA has underpinned U.S. trade policy since the Tokyo Round of the General Agreement on Tariffs and Trade (GATT). Completing the WTO, and the signing of all of America’s modern trade deals except U.S.-Jordan, was concluded under TPA.

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