Trade Policy After the U.S. Elections

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Trade Policy After the U.S. Elections ITMF Annual Conference November 18, 2016 Jaipur, India Stephen Lamar Executive VP AAFA

Election Summary Donald J. Trump elected 45th President Hillary Clinton wins popular vote GOP retains control of both House and Senate Smaller majorities than in 114th Congress GOP controls at least 33 Governorships Most since the 1920’s GOP controls 36 State Senates and 32 State Houses

Presidential Election 2016 Electoral College Results Clinton 232 Trump 290 Undecided 16 Source: CNN

115th Congress - House

115th Congress - Senate

Impact on Trade Trump wants to: Withdraw from TPP Appoint smart trade negotiators Identify every trade barrier Renegotiate NAFTA Label China a currency manipulator Bring trade cases/impose tariffs against China

What’s Next? 114th Congress Lame Duck Session Transition Announcements 115th Congress Starts Inauguration Day

Executive Vice President Thank You Steve Lamar Executive Vice President AAFA slamar@aafaglobal.org