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Speaker says president seeks to 'reset' U.S. trade to rebalance global imbalances
Summary
A staff member said the president is pursuing a global effort to rebalance U.S. trade, citing market uncertainty and letters that "set a baseline" while leaving room for bilateral negotiations.
A staff member said the president is pursuing a global effort to "reset" U.S. trade policy to correct what he described as longstanding imbalances that have developed with countries around the world.
The speaker said the goal is not just to improve the U.S. trade balance in dollars but also to bolster "our own domestic industrial capacity." The remarks said recent letters sent to trading partners were intended to "set a baseline" for…
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