While the U.S. and China are set to continue trade negotiations in October, the implementation of tariffs effecting electronics, shoes, diapers, dairy, meat and more earlier this month have escalated the trade fight. President Trump also plans another tariff increase on October 15th if negotiations fail. Some GOP Senators have expressed their concerns, including Sens. Pat Toomey (R-Pa.) and Ron Johnson (R-Wis), that the President’s actions could slow economic growth and inject uncertainty and instability in the market.
On the USMCA, Democrats are looking to push a vote until 2020 and are demanding stronger labor and environmental protection in the deal.