Eric Swalwell on Free Trade Withdrawn Democratic Presidential Challenger; CA Rep

Demand changes to NAFTA; use tariffs to crack down

15 CANDIDATES HAVE SIMILAR VIEWS: Joe Biden; Cory Booker; Peter Buttigieg; Julian Castro; Bill de Blasio; Kirsten Gillibrand; Kamala Harris; John Hickenlooper; Jay Inslee; Amy Klobuchar; Beto O`Rourke; Tim Ryan; Bernard Sanders; Elizabeth Warren; Marianne Williamson.

The majority of Democratic candidates want changes made to the agreement before it comes up for a vote in Congress. Seventeen candidates, asked by Citizens Trade Campaign, a national coalition pushing for changes to USMCA, agreed that Congress should not approve the deal until changes have been made.

Swalwell on Tariffs: Use tariffs to crack down on certain countries.

SIX CANDIDATES HAVE SIMILAR VIEWS: Amy Klobuchar; Wayne Messam; Seth Moulton; Tim Ryan; Bernard Sanders; Elizabeth Warren.

Some Democrats have embraced duties as a way to crack down on certain countries in some circumstances, although they're critical of Trump's approach.

Sponsored sugar quotas & import tariffs to stabilize prices.

Congressional Summary:Sugar Reform Act:

• Requires that sugar allotments be appropriate to maintain adequate supplies at reasonable prices, taking into account all domestic supply sources, including imports.
• Revises sugar tariff-rate quota adjustment provisions so that the ratio of sugar stocks to total sugar use at the end of the quota year will be approximately 15.5%
• Extends flexible marketing sugar allotment authority through crop year 2017
• Repeals the feedstock flexibility program for bioenergy producers.

Proponent`s argument for bill:(Senators` opinions reported on politico.com) `We subsidize a handful of wealthy sugar growers at the expense of everybody in America,` said Sen. Patrick Toomey (R-Pa.), whose home state boasts the chocolate giant, Hershey`s. Sen. Heidi Heitkamp (D-N.D.), warned her colleagues against unraveling the commodity coalition behind the farm bill: `We forget that this is much bigger than a sugar program. It`s much bigger than any one single commodity. When you single out one commodity, you threaten the effectiveness of the overall farm bill.`

Opponent`s argument against bill:(Food and Business News, May 2013): Users claim the sugar program nearly doubles the price of sugar to US consumers and has resulted in lost jobs as some candy manufacturers have moved operations to other countries. Producers claim the program has resulted in more stable sugar supplies, provides a safety net for growers and that world prices are often lower because of subsidies in origin countries, which would put US growers at a disadvantage should import restrictions be lifted. Producers also note that US sugar prices have declined more than 50% from late 2011 highs. They also maintain that jobs have been lost or moved out of the US for reasons other than sugar prices, mainly labor and health care costs, noting that candy makers` profits have been strong in recent years.

$25B more loans from Export-Import Bank.

This bill raises the cap on outstanding loans, guarantees, and insurance of the Export-Import Bank of the United States for FY2015-FY2022 and afterwards. The Bank shall:

• Provide technical assistance to small businesses on how to apply for financial assistance from the Bank;
• Establish programs under which private financial institutions may share risk in the loans, guarantees, and other Bank products in exchange for receiving fees received from program participants.
• The Bank may enter into up to $25 billion worth of contracts of reinsurance, co-finance, or other risk-sharing arrangements on its portfolio or individual transactions with insurance companies, financial institutions, or export credit agencies.

Opponents reasons for voting NAY: (Washington Examiner, 12/2/12): The Export-Import Bank is a taxpayer-backed agency that finances U.S. exports, primarily though loan guarantees. You`d think the bank would spread the money around to nurture up-and-coming businesses. You`d be wrong, very wrong. In fact, 83% of its taxpayer-backed loan guarantees in 2012 went to just one exporter: Boeing. Welcome to the `New Economic Patriotism,` where the big get bigger and taxpayers bear the risk. Ex-Im is at the heart of Obama`s National Export Initiative and is a pillar of the economic patriotism that Obama pledged in a second term. When government hands out more money, the guys with the best lobbyists and the closest ties to power will disproportionately get their hands on that money. Obama has spent four years pushing more subsidies, more bailouts and more regulations. `New Economic Patriotism` basically amounts to a national industrial policy -- Washington championing certain major domestic companies and industries, as if the global economy were an Olympic competition.

Implement USMCA for improved North American trade.

Summary from Congressional Record and Wikipedia:Vote to amend the North American Free Trade Agreement (NAFTA) and establish the United States-Mexico-Canada Agreement (USMCA). Rather than a wholly new agreement, it has been characterized as `NAFTA 2.0`; final terms were negotiated on September 30, 2018 by each country. The agreement is scheduled to come into effect on July 1, 2020.

Case for voting YES by Rep. Charlie Crist (D-FL); (Dec. 19, 2019)The USMCA includes stronger protections for American workers and enforceable labor standards, as well as environmental protections. It eliminates the Trump Administration`s threat that the US could walk away entirely from the trade agreement with Canada and Mexico, which would devastate US jobs and our economy.

Case for voting NO by Jared Huffman (D-CA); (Dec. 19, 2019) Democratic negotiators did a lot to improve Donald Trump`s weak trade deal, especially in terms of labor standards and enforcement, but the final deal did not reach the high standard that I had hoped for. The NAFTA renegotiations were a once-in-a-generation opportunity to lift labor and environmental standards across the continent--to lock in serious climate commitments with two of our largest trading partners and dramatically improve labor standards and enforcement to slow the rise of outsourcing.

Legislative outcome: Bill Passed (Senate) (89-10-1) - Jan. 16, 2020; bill Passed (House) (385-41-5) - Dec. 19, 2019; signed at the G20 Summit simultaneously by President Trump, Mexican President Enrique Nieto, and Canadian Prime Minister Justin Trudeau, Nov. 30, 2018