Amb. Michael Froman: The Future of Trade in a Trumpian World
Feb 16, 2017
President Trump has signed an executive order to withdraw from the negotiating process of the Trans-Pacific Partnership (TPP), and has vowed to renegotiate the North American Free Trade Agreement (NAFTA). These actions signal to foreign nations that the U.S. will have a very different outlook on trade under its new president.Amb. Froman served in President Obama’s cabinet as the U.S. Trade Representative from June 2013 to January 2017. There, he worked to open global markets for U.S. goods and services, enforce America’s rights in the global trading system and foster development through trade. Key initiatives under his leadership included the conclusion of the TPP agreement in the Asia Pacific and negotiations toward a Transatlantic Trade and Investment Partnership (T-TIP) with the European Union; the negotiation of agreements on trade facilitation, agriculture, information technology products, services and environmental goods at the World Trade Organization (WTO); the monitoring and enforcement of U.S. trade rights, including through the launch of the Interagency Trade and Enforcement Center (ITEC); and Congressional passage of Trade Promotion Authority (TPA), the African Growth and Opportunity Act (AGOA), the Generalized System of Preferences (GSP) program and the Trade Facilitation and Trade Enforcement Act.