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I will stop any trade deal that kills jobs or holds down wages – including the . I oppose it now, I’ll oppose it after the election, and I’ll oppose it as President. ... I will stand up to China and anyone else who tries to take advantage of American workers and companies. And I’m going to ramp up enforcement by appointing, for the first time, a chief trade prosecutor, I will triple the number of enforcement officers, and when countries break the rules, we won't hesitate to impose targeted tariffs.
As a presidential candidate and, more recently, as the chairman of the Senate Budget Committee, I've supported the struggles of working Americans in tough times and fought to give them a greater say in controlling their destiny. And frankly, I am frustrated by politicians who talk a good line about workers' rights on the campaign trail but then fail to deliver when they acquire power. That's bad policy, and bad politics. Democrats made an enormous and far-reaching mistake in the 1990s when President Bill Clinton aligned with Wall Street to approve so-called free-trade pacts, such as the North American Free Trade Agreement (NAFTA). Workers felt betrayed, and it cost the party dearly in the disastrous midterm elections of 1994, when control of the House and Senate shifted to right-wing Republicans who cynically exploited the opening Clinton had given them. Workers understood that you couldn't be both pro-Wall Street and pro-worker. For many working-class Americans, Clinton's choice to side with Wall Street was the end of their allegiance to the Democratic Party, a trend which has only grown over the years. Democrats should have learned their lesson. But there is very little evidence that this has happened. Too many of them still do not understand that the policies of a party that is supposed to stand for workers must actually do so when in power.
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I am disappointed by the president's decision to continue pushing forward on the disastrous trade agreement that will cost American jobs, harm the environment, increase the cost of prescription drugs and threaten our ability to protect public health. This treaty is opposed by every trade union in the country and virtually the entire grassroots base of the Democratic Party. ... Secretary Clinton made her strongest statement to date against this deal. In my view, it is now time for the leadership of the Democratic Party in the Senate and the House to join Secretary Clinton and go on the record in opposition to holding a vote on this job-killing trade deal during the lame-duck session of Congress and beyond. We need to defeat this treaty and fundamentally rewrite our trade policies to create good-paying jobs in this country and throughout the world and end the race to the bottom. I will continue to do everything I can to make sure that the TPP does not get implemented.
I don't know that Trump favors protective tariffs, import quotas or export subsidies. I do know that we don't have free trade. What goes for 'free trade' is trade managed by powerful bureaucracies—national and transnational international—central planners concerned with regulating, not freeing, trade; whose goal it is to harmonize labor, health, and environmental laws throughout the developed world. The undeveloped and developing worlds do as they please. My understanding is that Trump simply wants to make these agreements and organs work for the American people.
The wage earner. Two very important policies have been adopted by this country which, while extending their benefits also in other directions, have been of the utmost importance to the wage earners. One of these is the protective tariff, which enables our people to live according to a better standard and receive a better rate of compensation than any people, any time, anywhere on earth, ever enjoyed. This saves the American market for the products of the American workmen. The other is a policy of more recent origin and seeks to shield our wage earners from the disastrous competition of a great influx of foreign peoples. This has been done by the restrictive immigration law. This saves the American job for the American workmen. I should like to see the administrative features of this law rendered a little more humane for the purpose of permitting those already here a greater latitude in securing admission of members of their own families. But I believe this law in principle is necessary and sound, and destined to increase greatly the public welfare. We must maintain our own economic position, we must defend our own national integrity.
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It is quite remarkable how quickly conventional wisdom on this issue has changed. Just over two decades ago, in September 2000, corporate America and the leadership of both political parties strongly supported granting China “permanent normal trade relations” status, or PNTR. At that time, the U.S. Chamber of Commerce, the National Association of Manufacturers, the corporate media, and virtually every establishment foreign policy pundit in Washington insisted that PNTR was necessary to keep U.S. companies competitive by giving them access to China’s growing market, and that the liberalization of China’s economy would be accompanied by the liberalization of China’s government with regard to democracy and human rights. This position was seen as obviously and unassailably correct. Granting PNTR, the economist Nicholas Lardy of the centrist Brookings Institution argued in the spring of 2000, would "provide an important boost to China’s leadership, that is taking significant economic and political risks in order to meet the demands of the international community for substantial additional economic reforms." The denial of PNTR, on the other hand, "would mean that U.S. companies would not benefit from the most important commitments China has made to become a member" of the World Trade Organization (WTO). Writing around the same time, the political scientist Norman Ornstein of the conservative American Enterprise Institute put it more bluntly. “American trade with China is a good thing, for America and for the expansion of freedom in China,” he asserted.:“That seems, or should seem, obvious." Well, it wasn’t obvious to me, which is why I helped lead the opposition to that disastrous trade agreement. What I knew then, and what many working people knew, was that allowing American companies to move to China and hire workers there at starvation wages would spur a race to the bottom, resulting in the loss of good-paying union jobs in the United States and lower wages for American workers. And that’s exactly what happened. In the roughly two decades that followed, around two million American jobs were lost, more than 40,000 factories shut down, and American workers experienced wage stagnation—even while corporations made billions and executives were richly rewarded. In 2016, Donald Trump won the presidential election in part by campaigning against U.S. trade policies, tapping into the real economic struggles of many voters with his phony and divisive populism.
I voted against NAFTA, GATT, and Permanent Most Favored Nation status for China, in great part because I felt they were bad deals for Wisconsin businesses and Wisconsin workers. At the time I voted against those agreements, I thought they would result in lost jobs for my state. But, Mr. President, even as an opponent of those trade agreements, I had no idea just how bad things would be.
: This administration is all about enriching -style businesses at the expense of low-income workers and consumers. This is the same administration, after all, that has gone out of its way to turn the into a vehicle to protect payday lenders and that has waged war on the student loan forgiveness program. The NLRB’s extraordinary anti-union efforts are more of the same. They are about making workers more vulnerable and more insecure, as are the administration’s relentless efforts to roll back the and expansion—because the more insecure that people at the bottom of the economy are, the easier they are to bully and exploit.
I have already accepted the policy of Imperial preference...to the effect that a preference will be given on existing duties and on any duties which may subsequently be imposed. On this subject I think there is no difference of opinion between us. ... I am prepared to say that the key industries on which the life of the nation depends must be preserved. I am prepared to say also that, in order to keep up the present standard of production and develop it to the utmost extent possible, it is necessary that security should be give against the unfair competition to which our industries have been in the past subjected by the dumping of goods below the actual cost of production. ... I shall look at every problem simply from the point of view of what is the best method of securing the objects at which we are aiming without any regard to theoretical opinions about Free Trade or Tariff Reform.
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