Rep. Suzan DelBene discusses the importance of trade in Washington State's economy, the impact of tariffs on households, the push for free trade agreements with Taiwan, Kenya, and the UK, and the need for bipartisan cooperation on climate change initiatives. They also explore digital regulations in trade agreements, concerns about China's trade practices, and the significance of enduring trade relationships globally.
Washington State heavily relies on trade for its economy, encompassing diverse sectors like agriculture and technology.
Congress plays a vital role in shaping trade policies to ensure enforceability and consider climate change concerns.
Deep dives
Importance of Trade for Washington State
Trade is crucial for Washington State's economy, with over 40% of jobs tied to various trade industries, including agriculture, advanced manufacturing, and technology. The state exports a wide range of products, from digital goods to aircraft, supported by its role as a gateway to the Indo-Pacific region. The state's trade activities involve a diverse mix of businesses, including over 12,000 small and medium-sized companies, showcasing the significance of trade for Washington's economic landscape.
Congressional Role in Trade Policy
Congresswoman Susan DelBene emphasizes the importance of Congress in shaping trade policies and agreements, highlighting the need for a more targeted approach with China. Bipartisan concerns exist about the delegation of trade authority to the executive branch, underscoring the importance of Congress having a substantial role in trade legislation. The discussion also touches on the necessity of congressional approval for trade agreements to ensure enforceability and stability, in contrast to executive agreements that may lack longevity and economic benefits.
Focus on Clean Energy and Carbon Border Adjustment
The podcast addresses the intersection of trade and climate change, advocating for policies that prioritize clean, renewable energy while ensuring a level playing field for businesses. Congresswoman DelBene introduces the concept of a carbon border adjustment, aiming to impose a fee on imports produced with less environmentally friendly processes. This initiative aligns with efforts to support US producers adopting cleaner practices and prevent unfair competition from countries with weaker environmental regulations, emphasizing the need for global cooperation on climate-friendly trade measures.
On this week's episode of the Trade Guys, we are excited to host Representative Suzan DelBene from Washington's 1st District to get a congressional perspective on a prospective U.S. CBAM, the Taiwan trade deal, the administration's trade agenda, and more.
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