CEI Joins Coalition Urging Support for Global Trade Accountability Act
To Members of Congress:
We the undersigned free market organizations, representing millions of hardworking Americans, urge you to support S. 177, the “Global Trade Accountability Act,” introduced by Sen. Mike Lee (R-UT). If enacted, the legislation would strengthen Congressional oversight and accountability of trade-related decisions made by the Executive Branch.
Article I, Section 8 of the United States Constitution gives Congress the authority to impose tariffs and regulate foreign commerce. Article II of the Constitution gives the President the power to negotiate international trade agreements. Over time, Congress has ceded much of its authority to establish and raise tariffs and restrict imports to the Executive Branch as long as certain conditions are met. This current arrangement gives the Executive Branch virtual carte blanche to raise tariffs or otherwise restrict imports in a manner that could trigger a costly and unnecessary trade war.
Consistent with Article I, Section 8 of the Constitution, and similar in process to the REINS Act, the Global Trade Accountability Act would require Congressional approval of proposed Executive Branch trade measures aimed at raising tariffs or restricting imports. In short, it would allow Congress to assert its Constitutional authority over trade policy when appropriate.
Trade policy has been unfairly maligned in recent years, but make no mistake: protectionism has an ugly history in the United States. The Smoot-Hawley tariffs of 1930 deepened and prolonged the Great Depression. Since World War II, however, a bipartisan consensus emerged and the United States began working to liberalize foreign trade between nations. This has paid enormous dividends both domestically and abroad. Regrettably, the specter of protectionism is higher today than it has been at any point since the Depression. The Global Trade Accountability Act can prevent the United States from slouching toward protectionism. That is why we strongly urge you to pass S. 177, the Global Trade Accountability Act.
Sincerely,
Brandon Arnold, Executive Vice President
National Taxpayers Union
Grover Norquist, President
Americans for Tax Reform
Norm Singleton, President
Campaign for Liberty
David McIntosh, President
Club for Growth
Iain Murray, Vice President of Strategy
Competitive Enterprise Institute
Adam Brandon, President
FreedomWorks
Matt Kibbe, President
Free the People
Tom Giovanetti, President
Institute for Policy Innovation
Lisa Nelson, President
The Jeffersonian Project
Jerry Taylor, President
Niskanen Center
Lori Sanders, Outreach Director
R Street Institute
David Williams, President
Taxpayers Protection Alliance
Berin Szoka, President
TechFreedom