Democrats acknowledge that for millions of Americans, global trade has failed to live up to its promise—with too many countries breaking the rules and too many corporations outsourcing jobs at the expense of American workers and communities.
Over the past three decades, America has signed too many trade deals that have not lived up to the hype. Trade deals often boosted the profits of large corporations, while at the same time failing to protect workers’ rights, labor standards, the environment, and public health. We need to end the race to the bottom and develop trade policies that support jobs in America. That is why Democrats believe we should review agreements negotiated years ago to update them to reflect these principles. Any future trade agreements must make sure our trading partners cannot undercut American workers by taking shortcuts on labor policy or the environment. They must not undermine democratic decision-making through special privileges and private courts for corporations, and trade negotiations must be transparent and inclusive.
Democrats’ priority is to significantly strengthen enforcement of existing trade rules and the tools we have, including by holding countries accountable on currency manipulation and significantly expanding enforcement resources. China and other countries are using unfair trade practices to tilt the playing field against American workers and businesses. When they dump cheap products into our markets, subsidize state-owned enterprises, devalue currencies, and discriminate against American companies, our middle class pays the price. That has to stop. Democrats will use all our trade enforcement tools to hold China and other trading partners accountable—because no country should be able to manipulate their currencies to gain a competitive advantage.
While we believe that openness to the world economy is an important source of American leadership and dynamism, we will oppose trade agreements that do not support good American jobs, raise wages, and improve our national security. We believe any new trade agreements must include strong and enforceable labor and environmental standards in their core text with streamlined and effective enforcement mechanisms. Trade agreements should crack down on the unfair and illegal subsidies other countries grant their businesses at the expense of ours. It should promote innovation of and access to lifesaving medicines. And it should protect a free and open internet. We should never enter into a trade agreement that prevents our government, or other governments, from putting in place rules that protect the environment, food safety, or the health of American citizens or others around the world.
These are the standards Democrats believe must be applied to all trade agreements, including the Trans-Pacific Partnership (TPP).