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Michael Bennet on Free Trade

 

 


Trump's tariffs have harmed farmers

Bennet has been vocal in his criticism of Trump's tariffs on trade and agriculture. He said Trump's trade war is harming more farmers than it helps. Bennet was also a key advocate of the 2018 farm bill.
Source: Axios.com "What you need to know about 2020" , May 2, 2019

Insist on access to post-mad-cow Japanese beef markets.

Bennet signed S.RES.452 & H.RES.1196

    Now, therefore, be it Resolved, That it is the sense of the Senate that--
  1. it is not in the interest of either the US or Japan to arbitrarily restrict market access for their close partners;
  2. trade between the US and Japan should be conducted with mutual respect and based on sound science;
  3. since banning US beef in Dec. 2003, Japan has not treated US beef producers fairly;
  4. both Japan and the US should comply with guidelines based on sound science;
  5. Japan should immediately expand market access for US exporters of both bone-in and boneless beef beyond the existing standard of beef from cattle 20 months and younger; and
  6. the President should insist on increased access for US exporters of beef and beef products to the market in Japan.
Source: Resolution on Japanese trade 10-SR452 on Mar 11, 2010

Declare Turkish rebar subject to anti-dumping duties.

Bennet signed declaring Turkish rebar subject to anti-dumping duties

Excerpts from Letter from 31 Senators to the Secretary of Commerce: We write to you regarding countervailing duty and antidumping investigations being conducted by the Department of Commerce on imports of steel reinforcing bar (rebar) from Turkey and Mexico.

Rebar is one of the largest volume steel products produced in the US, employing more than 10,000 workers in over 30 states. With nearly 7 million tons of domestic production, a healthy rebar industry is critical to a strong economy. However, it is our understanding that imports from Turkey and Mexico are surging into the US, nearly doubling from 2011 to 2013.

The ITC recently found that Mexican and Turkish rebar producers are consistently underselling US producers, resulting in substantial lost sales and depressed; [plus] a preliminary finding that the Government of Turkey bestows energy subsidies to its rebar industry, but that such subsidies are only de minimis in value. This seems surprising given the inherently energy-intensive nature of steel production.

Opposing argument: (Heritage Foundation, "Guide to Antidumping Laws", July 21, 1992) One of the pillars of the "fair trade" approach is a set of so-called antidumping and countervailing duty laws. Antidumping laws seek to prevent products manufactured overseas from being sold by foreign firms in the U.S. at "less than fair value." Countervailing duties seek to offset subsidies provided by foreign governments by imposing duties at the U.S. border.

The antidumping laws are confusing and arbitrary, and in many instances merely allow American firms to secure punitive tariffs against competing importers where no unfair trade practices are involved. Worse, these laws drive up the costs of imported components used by other American enterprises, making their products less competitive in world markets. As a result, American consumers pay higher prices for both imported and domestically produced goods.

Source: Turkish Rebar Letter 14LTR-BAR on Apr 9, 2014

Voted FOR reauthorizing Ex-Im Bank.

Bennet voted NAY Export-Import Bank Reform and Reauthorization Act

Heritage Action summary of vote# S206: The Senate voted to table (kill) an amendment by Sen. Kirk to reauthorize the Export-Import Bank. Sen. Kirk recommends voting NO. Heritage Foundation recommends voting YES because the "Ex-Im Bank is little more than a $140 billion slush fund for corporate welfare."

OnTheIssues explanation: Voting NO would allow a vote on reauthorization of the Ex-Im Bank. Voting YES would kill the bill for reauthorizing the Ex-Im Bank.

Sierra Club reason for conditionally voting NO (from previous bill S.819):Sen. Shaheen's bill S.824 reauthorizes the Ex-Im Bank without undermining Obama's Climate Action Plan. The Sierra Club supports the bill because it makes both financial and environmental sense for the US and all of its taxpayer-backed financial institutions--including Ex-Im--to stop investing in dirty and dangerous fossil fuels like coal.

Cato Institute reason for voting YES to kill the bill:The Ex-Im Bank's reauthorization buffs contend that Ex-Im fills a void left by private sector lenders unwilling to provide financing for certain transactions. Ex-Im's critics [say that] by effectively superseding risk-based decision-making with the choices of a handful of bureaucrats pursuing political objectives, Ex-Im risks taxpayer dollars. It turns out that for nearly every Ex-Im financing authorization that might advance the fortunes of a single US company, there is at least one US industry whose firms are put at a competitive disadvantage. These are the unseen consequences of Ex-Im's mission.

Source: Supreme Court case 15-S0995 argued on Oct 19, 2015

Rated 63% by the USAE, indicating a mixed record on trade.

Bennet scores 63% by USA*Engage on trade issues

Ratings by USA*Engage indicate support for trade engagement or trade sanctions. The organization's self-description: "USA*Engage is concerned about the proliferation of unilateral foreign policy sanctions at the federal, state and local level. Despite the fact that broad trade-based unilateral sanctions rarely achieve our foreign policy goals, they continue to have political appeal. Unilateral sanctions give the impression that the United States is 'doing something,' while American workers, farmers and businesses absorb the costs."

VoteMatch scoring for the USA*Engage ratings is as follows :

Source: USA*Engage 2011-2012 ratings on Congress and politicians 2012-USAE on Dec 31, 2012

Other candidates on Free Trade: Michael Bennet on other issues:
2020 Presidential Democratic Primary Candidates:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Mayor Bill de Blasio (D-NYC)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Larry Hogan (D-MD)
Gov.Jay Inslee (D-WA)
Sen.Amy Klobuchar (D-MN)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Sen.Bernie Sanders (I-VT)
Rep.Eric Swalwell (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

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Gov.John Kasich (R-OH)
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CEO Howard Schultz (I-WA)
Pres.Donald Trump (R-NY)
Gov.Jesse Ventura (I-MN)
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Gov.Bill Weld (R-MA&L-NY)

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Page last updated: Jun 02, 2019