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Your guide to what 2024 US elections mean is Washington and the world

The author is the senior counselor by President Trump for trade and make

The International Trade System is broken – and Donald Trump’s Ricompcal Tariff Doctrine will fix it. This long-term structure will make the US economies and the world more vigorous and prosperous by restoring justice and balance of a system designed against America.

For decades, under the world’s biats rules in the world, the US faced systematic tars from major contests. The result is a national emergency threatening our economic and national security development.

In the center of this crisis is a deficiency of trading items with a balloon of more than $ 1TN per year. Free trading models predict non-weight trading regularly dismissing by price adjustments by exchanging dead rates.

Trade Trade Trade in the US items from 1976 – The year-old chronic deficiencies start – up to 2024 transferred to $ 20tn in American wealth of foreign hand. That’s more than 60 percent of US GDP in 2024

A central driver of this one-sided trading is the WTO “(MFN) rule, which requires the myortiff’s country of all members of America. The trading partners can continue in the board – with no incentive to the US pratier.

Since 1979, the year to think of jobs has American jobs and Tokyo overall agreement and revised mfn ravages in 2001, the actual median weekly income in the US is more than 10 percent.

Now, the average US MFN Tarff is only 3.3 percent. China is double at 7.5 percent. Thailand and Vietnam both hovers near 10 percent and India stands with a broken 17 percent. The imbadace extends autos: The EU fees four times the US car tariff at 10 percent for salion tariffs for passenger vehicles 25 percent.

Even worse than this is to block non-tariff weapons used to shorts the exports of America, unequal to enhance their US ships, and walls in their own markets. These tools include money-based, restrictions on tax distortions, throwing equipment, licaser products, quotazy products in the product, Licaser’s quotazies, licaser quotas, which are licaser quotas, which are licaser quotas, which are licaser quotas, which are licaser quotas areas such as EU to get largest tech companies in America. On top of that, many foreign competitors work from sweatshops and pollution that morally and environmentally target global scenery from Asia and Africa to Latin America.

While the WTO technically allows challenges, its dispute resolution system is broken – and the resulting danger. The US brings many high-profile disputes to the WTO agricultural trade – target of foreign restrictions with chicken plants, genetically revised. In almost all cases the US won. But victories don’t matter. The ban on the EU in the hormone treated by the US meat was challenged in 1996, administered by Illegal in 1998, and even the EU was not able to lift it.

A trade system where we face higher tariffs, the main barriers of non-tariffs and unpaved resolution paths are no more than a world-minded world. So America is needed – and now is – protect himself.

Trump’s Rivercal Tariff Doctrine makes what WTO has not done to do: This is the responsible foreign countries. The US is currently matching the higher tariffs and crushing obstacles that are not tariffed us in other countries. It’s about fairness, and no one can argue with that.

This is not a negotiation. For US, it is a national emergency induced by trade defaults caused by a rigged system.

President Trump is always willing to listen. But with world leaders, after decades cheating, suddenly offers lower tariffs – know it: that’s just the beginning.

We want to hear from countries including Cambodia, Mexico and Vietnam you will stop allowing China to block transition tariffs through your countries. The larger threat is located on the web of non-tariff obstacles that continue to choke in American industries. And that’s too, it should end.

All America wants is reasonableness. President Trump simply charges you what you have commanded us. What is the most beautiful than that?