U.S. Mid-Term Rout Unlikely to Change Trump’s Trade Policy
One change that would benefit the global supply chain, if the incoming Democrats put their shoulder to the wheel: the war in Iran...
The premier of Ontario, Canada, might have been “doing cartwheels down the street” on the morning after the November 3 U.S. mid-term elections, which produced a historically large swing towards Democrats in the House, the Senate and many other elected roles across the country. But his hopes that the flood of new lawmakers into Congress might somehow bring a sea-change in President Donald Trump’s trade policy are likely to be dashed on the rocks of constitutional law.
True, while “major” trade treaties (such as the U.S.-Mexico-Canada agreement) cannot be ratified without the Senate’s consent, and Senators also confirm presidential appointments to office, such as the U.S. Trade Representative and justices of the Supreme Court, the current administration has taken full advantage of the various tariff-reduction or negotiation powers being delegated to the executive branch via statutes.
This story was originally published by SupplyChainBrain. Read the full story at SupplyChainBrain →
Conversation