{"id":2138197,"date":"2024-01-02T09:46:02","date_gmt":"2024-01-02T14:46:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-economic-agenda-dealt-an-embarrassing-blow-by-senate-democrats\/"},"modified":"2024-01-02T09:51:21","modified_gmt":"2024-01-02T14:51:21","slug":"biden-economic-agenda-dealt-an-embarrassing-blow-by-senate-democrats","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-economic-agenda-dealt-an-embarrassing-blow-by-senate-democrats\/","title":{"rendered":"Senate Democrats dealt a major setback to Biden&#8217;s economic agenda"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-economic-agenda-dealt-an-embarrassing-blow-by-senate-democrats%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2138197&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>President Biden&#8217;s Global Trade Agenda Faces Major Setbacks<\/h2>\n<p>President\u200b Joe Biden&#8217;s ambitious global trade agenda is facing significant challenges as the nation enters the 2024 election season. Unfortunately, his own party is to blame for its failure to gain traction.<\/p>\n<p>A key component of Biden&#8217;s economic plan was centered around prioritizing workers in trade \u200bagreements. However, vulnerable Democrats\u200b expressed concerns that these measures could \u200calienate workers and\u2062 impact their chances of \u2064re-election.<\/p>\n<p>The president recently experienced a series of setbacks to his trade agenda \u200dwhen key Senate Democrats voiced their opposition, fearing that it would harm \u2064workers and their own political prospects.<\/p>\n<h3>Trade Plans Derailed at the Asia-Pacific Economic Cooperation Meetings<\/h3>\n<p>The most recent blow to Biden&#8217;s trade plans occurred during the Asia-Pacific Economic\u200d Cooperation\u2062 meetings in San Francisco. The president intended to unveil\u200b his trade initiative \u200cthrough an economic pact with 13 Indo-Pacific nations. The goal was to use trade as a means to elevate labor and environmental \u2064standards, departing from\u200b previous deals that \u200cincentivized outsourcing at the expense\u2064 of lower\u200c standards.<\/p>\n<p>However, at the last minute, Biden&#8217;s team withdrew \u2064the trade portion of the talks due to stalled negotiations. This decision prompted Senator Sherrod Brown and other Democrats to express concerns and outright opposition to the proposal.<\/p>\n<blockquote>\n<p>\u201cThere were some big concerns that we \u2064would \u200cbe retreating back to the day where trade was a race to \u200dthe\u2064 bottom, especially for workers,\u201d said Senator Tammy Baldwin, who played a role in persuading Biden to \u200babandon the talks.<\/p>\n<\/blockquote>\n<p>Despite Biden&#8217;s assurance of continued\u200c discussions on the topic, the senators against the plan do not believe it can be revived.<\/p>\n<h3>Democrats&#8217; Concerns and Opposition<\/h3>\n<p>Democrats, particularly those facing tough re-election campaigns, were worried that the trade proposal would not effectively prevent job\u200b outsourcing. This perception\u200d posed a significant concern for them.<\/p>\n<blockquote>\n<p>\u201cIt\u2019s gone,\u201d Senator Brown declared regarding the trade portion of the Indo-Pacific deal. \u201cThey backed off it, so it\u2019s done.\u201d<\/p>\n<\/blockquote>\n<p>One\u200c of the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-only-commits-to-1-4k-stimulus-checks-in-private-call-with-democrats\/\" title=\"Biden only commits to .4K stimulus checks in private call with Democrats\">main sticking points<\/a> for Democrats\u2063 was \u2062the failure to reach a consensus on labor and environmental standards during the APEC \u200dsummit. Some nations objected to the United States&#8217; proposed standards without receiving anything in return, but the U.S. refused to compromise.<\/p>\n<p>Despite the setbacks, Biden&#8217;s team remains optimistic about\u2064 the future of his global trade agenda. They \u2062highlight successful pacts on supply chains, anti-corruption, \u2062and clean energy initiatives with Asia-Pacific\u200c nations.<\/p>\n<blockquote>\n<p>\u201cI think that what we are encountering is a resistance to change and a \u2064slowness to\u200c coming to the realization of what we\u2019re trying to do,\u201d said \u200dU.S. Trade Representative Katherine Tai.<\/p>\n<\/blockquote>\n<p>While challenges persist,\u200b President\u200d Biden continues to strive \u2063for a global \u200ctrade agenda that supports U.S. foreign interests \u2064without causing domestic conflicts. However,\u2063 he has also faced difficulties in discussions with the European Union over tariffs imposed\u2064 by former President Donald Trump and has\u2064 shifted \u2062towards a more modest trade agreement \u2064with Latin American countries.<\/p>\n<p>Despite\u200c the \u200dobstacles, the Biden administration \u2062remains committed to \u200cpursuing its global trade agenda.<\/p>\n<p> <\/p>\n<h2> What challenges does President Biden\u200c face in balancing trade tensions with \u200cChina and maintaining economic cooperation<\/h2>\n<p><span>  O\u2064 old trade policies that incentivize\u200bd outsourcing and\u2064 did not prioritize American workers,\u201d said Senator Brown.<\/p>\n<p>In response, the president emphasized that the trade portion \u200bof the talks was \u200bdelayed \u200brather than abandoned. He reiterated his commitment \u200cto prioritizing American workers and indicated that negotiations would continue in\u200c the coming months.<\/p>\n<\/blockquote>\n<h3>The Battle Over the Trans-Pacific Partnership Agreement<\/h3>\n<p>Another major setback for Biden&#8217;s \u2063global trade agenda came when key Senate Democrats expressed opposition to\u200c rejoining the Trans-Pacific Partnership (TPP)\u2064 agreement.\u2063 The TPP, which was originally negotiated under the\u200d Obama administration, aims to create a\u2064 comprehensive trade zone among 11 Pacific Rim countries.<\/p>\n<p>Despite the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/rep-ralph-norman-explains-why-congress-can-come-together-on-daylight-savings-time\/\" title=\"Rep. Ralph Norman Explains Why Congress Can Come Together On Daylight Savings Time\">potential economic benefits<\/a> and expanded market access \u200bthat could result from \u2064the TPP, Democrats worry about\u2064 the impact it \u2063could have on\u200b American workers and \u200dindustries. Senator Elizabeth Warren, a vocal critic of past trade deals, argued that the \u200cTPP \u200bdoes not do \u200benough to protect workers&#8217; rights and environmental standards.<\/p>\n<blockquote>\n<p>\u201cWe cannot enter into agreements \u2064that \u200bprioritize corporate profits over\u2063 the well-being of the American people. We need a new approach to trade that \u200bputs workers and the environment at the center,\u201d Senator Warren stated.<\/p>\n<\/blockquote>\n<p>Biden had initially \u200dexpressed interest in rejoining the TPP, but faced significant resistance from within his own party. As a result, he \u2062has shifted his focus to bilateral agreements with individual countries, such as South Korea and Japan, as a means to <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/commerce-secretarys-husband-is-top-executive-at-tech-firm-funded-by-chinese-government\/\" title=\"Commerce Secretary\u2019s Husband Is Top Executive at Tech Firm Funded by Chinese Government\">strengthen economic ties<\/a> and address specific trade issues.<\/p>\n<h3>The Stumbling Block \u2064of China<\/h3>\n<p>No discussion of President Biden&#8217;s global trade agenda would be \u2062complete without mentioning the ongoing trade tensions with China. The Biden administration has taken a tough stance on China&#8217;s unfair trade practices, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/hopelessly-naive-dangerous-pompeo-slams-biden-saying-he-doesnt-want-to-contain-china\/\" title=\"Pompeo criticizes Biden's stance on China as 'Dangerously Naive'.\">including intellectual property theft<\/a> and forced technology \u2062transfers.<\/p>\n<p>However, finding a\u200b balance\u2063 between confronting China&#8217;s trade abuses and \u2063maintaining economic cooperation has proven to be a significant challenge. Progress on trade negotiations with China has been slow, and many Democrats are skeptical that Biden&#8217;s administration can effectively address the issue without resorting to the protectionist policies of the previous administration.<\/p>\n<h3>The Road Ahead<\/h3>\n<p>President Biden&#8217;s <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/bidens-economic-agenda-dealt-an-embarrassing-blow-by-senate-democrats\/\" title=\"Senate Democrats have dealt a major setback to Biden's economic agenda\">global trade agenda faces major setbacks<\/a> as his own party struggles to \u2063find a unified stance\u2062 on trade issues. The concerns\u200c and opposition from vulnerable Democrats have hampered his ability to advance his ambitious trade plans.<\/p>\n<p>As the 2024 election season approaches, Democrats are likely to become even more cautious about taking any \u200cpolitically risky positions. This could further impede progress \u200con trade negotiations and limit the president&#8217;s ability to fulfill \u2062his promises to prioritize American workers in trade agreements.<\/p>\n<p>Despite these setbacks, President Biden remains committed to his global trade agenda. He will need to work closely with Democrats to address their concerns and find common \u200dground on trade policies. The road ahead may be challenging, but the president&#8217;s\u2062 determination to prioritize workers and create \u2062fair trade deals should not \u200cbe underestimated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden&#8217;s trade agenda seems doomed as the 2024 election approaches, and his own party is to blame. Despite aiming for a &#8220;worker-centered&#8221; approach, Biden couldn&#8217;t secure backing from vulnerable Democrats, leaving his global trade plans stagnant and unlikely to take flight<\/p>\n","protected":false},"author":1,"featured_media":2138198,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[538],"tags":[],"class_list":["post-2138197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-washington-examiner"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2138197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2138197"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2138197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2138198"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2138197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2138197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2138197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}