Minideals are becoming something of a trend for Trump ahead of the 2020 election. In addition to India, he is expected to soon announce a limited trade agreement with Japan.
While smaller deals may prove easier to win than comprehensive agreements, they are raising concerns among some lawmakers and businesses about the precedent Trump is setting by striking limited pacts that could leave significant issues unresolved.
They also run afoul of the World Trade Organization, which requires members to draft deals that cover “substantially all trade” to prevent countries from unfairly discriminating against one another. But Trump has not been concerned with violating the organization’s rules in the past, and his advisers are framing the deals as an “early harvest” that will ultimately put the United States on a path toward bigger, more comprehensive trade agreements.
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Minideals are becoming something of a trend for Trump ahead of the 2020 election. In addition to India, he is expected to soon announce a limited trade agreement with Japan. While smaller deals may prove easier to win than comprehensive agreements, they are raising concerns among some lawmakers and businesses about the precedent Trump is setting by striking limited pacts that could leave significant issues unresolved. They also run afoul of the World Trade Organization, which requires members to draft deals that cover “substantially all trade” to prevent countries from unfairly discriminating against one another. But Trump has not been concerned with violating the organization’s rules in the past, and his advisers are framing the deals as an “early harvest” that will ultimately put the United States on a path toward bigger, more comprehensive trade agreements.
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