The United States restricts imports but, at the same time, supports the WTO and international banks whose objective is to enhance world trade. As a member of Congress, I would justify this contradiction by emphasizing that the United States stands as one of the major importers in the global trade and to uphold the export capacities within the US agencies remains firm. The move to reduce imports supports local industries in creating strong worldwide competition while at the same time creating more employment opportunities. Essentially, ensuring a balance of payments in multilateral trade forms the key reason behind the import restrictions.
In accordance with Section 232 of the trade laws, a country is allowed to impose restrictions against imports when found that such imports present a risk to national security. Although rarely used, this section of the law seeks to safeguard a country’s welfare without interfering with global trade. The previous application of this section took place during the reign of president Ronald Reagan after the economic assessment established that the United States stood at risk of losing its machine manufacturing and industry. Considering that machine tools serve a critical role in the production of a wide range of security devices, the need to regain control could not be overemphasized. The same problem seems to face the US in the current situation, it requires mounting pressure on the reduction of overcapacity in China since the unfair trend it depicts presents a strong negative impact in the long run.
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Another reason involves pursuing trade policies that really look into matters such as environmental protection and labor rights to ensure that trade contracts serve the role of enhancing worker’s conditions. It also remains imperative to concentrate on education and training, assistance in transition, and other domestic procedures that look into the people’s concerns. Although the WTO presents massive advantages, it has certain parts that require reformation, especially on open rules-based exchange system that would tremendously improve the balance of exchange among countries.
