I'm not going to enter any new trade agreement with anybody until we have made major investments here at home and in our workers.
Stated position. What this official has said they believe on this issue — a sourced claim, shown distinctly from any assessment of what they did. It is never scored and never affects the Integrity Score.
Derived from a tracked promise: “I'm not going to enter any new trade agreement with anybody until we have made major investments here at home and in our workers.”
Sources
- NBC New York / New York Times interview with Thomas Friedmanhttps://www.nbcnewyork.com/news/business/money-report/biden-tells-nyt-columnist-he-wont-immediately-remove-trumps-tariffs-on-china/2755827/ ↗
“I'm not going to enter any new trade agreement with anybody until we have made major investments here at home and in our workers.”
- 2020 Democratic Party Platformhttps://democrats.org/wp-content/uploads/sites/2/2020/08/2020-Democratic-Party-Platform.pdf ↗
“We will not negotiate any new trade deals before first investing in American competitiveness at home. We will aggressively enforce existing trade laws and agreements.”
- Office of the U.S. Trade Representativehttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2021/october/fact-sheet-biden-harris-administrations-new-approach-us-china-trade-relationship ↗
“working closely with Congress to move the Bipartisan Infrastructure bill and the Build Back Better agenda forward”
- Final 2020 Presidential Debate Transcript, Commission on Presidential Debateshttps://www.debates.org/voter-education/debate-transcripts/october-22-2020-debate-transcript/ ↗
“What I'd make China do is play by the international rules, not like he has done. We need to be having the rest of our friends with us, saying to China, these are the rules. You play by them or you're going to pay the price for not playing by them, economically.”
- U.S. Department of Commercehttps://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet-president-biden-takes-action-protect-american-workers-and ↗
“President Biden Takes Action to Protect American Workers and Businesses from China's Unfair Trade Practices”
- Biden Campaign Press Release / Fact Sheet: The Biden-Harris Plan to Fight for Workers, American Presidency Projecthttps://www.presidency.ucsb.edu/documents/biden-campaign-press-release-fact-sheet-the-biden-harris-plan-fight-for-workers-delivering ↗
“Biden will establish a 28% corporate tax rate, plus a 10% Offshoring Penalty surtax, on profits of any production by a United States company overseas for sales back to the United States. Companies will pay a 30.8% tax rate on any such profits.”
- Holland & Knighthttps://www.hklaw.com/en/insights/publications/2021/06/biden-administrations-fy-2022-budget-and-international-tax-changes ↗
“disallow deductions for expenses paid or incurred in connection with offshoring... create a new general business credit equal to 10 percent... onshoring”
“companies will pay a '30.8% tax rate on any such profits'”
- Office of Sen. Chris Van Hollen (press release)https://www.vanhollen.senate.gov/news/press-releases/van-hollen-whitehouse-doggett-durbin-introduce-no-tax-breaks-for-outsourcing-act ↗
“No Tax Breaks for Outsourcing Act”
- Office of Sen. Kirsten Gillibrand (press release)https://www.gillibrand.senate.gov/news/press/release/gillibrand-introduces-end-outsourcing-act-to-bring-good-paying-jobs-back-to-america-and-re-employ-workers-to-help-economy-recover/ ↗
“End Outsourcing Act To Bring Good Paying Jobs Back To America And Re-Employ Workers”
- U.S. Department of the Treasuryhttps://home.treasury.gov/system/files/206/June_2023_FXReport.pdf ↗
“Treasury reviewed and assessed the policies of major U.S. trading partners during the four quarters through June 2023”
“Preliminary Affirmative Determinations of Circumvention With Respect to the Republic of Korea and the Kingdom of Thailand”
- Biden Foreign Policy Speech at CUNY Graduate Center, July 11, 2019https://democracyinaction.us/2020/biden/bidenpolicy071119foreignpolicy.html ↗
“We do need to get tough with China. If China has its way, it will keep robbing the U.S. of our technology and intellectual property, or forcing American companies to give it away in order to do business in China. The most effective way to meet that challenge is to build a united front of friends and partners to challenge China's abusive behavior.”
- Office of the U.S. Trade Representativehttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2024/september/ustr-finalizes-action-china-tariffs-following-statutory-four-year-review ↗
“China has not eliminated many of its technology transfer-related acts, policies, and practices.”
- Office of the U.S. Trade Representativehttps://ustr.gov/about-us/policy-offices/press-office/press-releases/2022/may/fact-sheet-asia-president-biden-and-dozen-indo-pacific-partners-launch-indo-pacific-economic ↗
“President Biden and a Dozen Indo-Pacific Partners Launch the Indo-Pacific Economic Framework for Prosperity”
“US Secretary of State Antony Blinken and Secretary of Defense Lloyd Austin will make their first overseas trip on Monday as they visit key Asian allies Japan and South Korea”
- Office of the U.S. Trade Representativehttps://ustr.gov/about-us/policy-offices/press-office/fact-sheets/2024/september/fact-sheet-usmca-rapid-response-mechanism-delivers-workers ↗
“These cases have directly benefited over 36,000 workers: provided nearly six million dollars in backpay and benefits to workers”
- Brookings Institutionhttps://www.brookings.edu/articles/how-will-the-biden-administrations-china-policy-be-remembered/ ↗
“Such a united front of American and allied coordination on technological controls had never been developed against China on such a scale.”
- Biden DNC Acceptance Speech, ABC News full texthttps://abcnews.com/Politics/full-text-joe-bidens-2020-democratic-national-convention/story?id=72513129 ↗
“We'll make the medical supplies and protective equipment that our country needs. We'll make them here in America, so we will never again be at the mercy of China or other foreign countries in order to protect our own people.”
- The White House (archived)https://bidenwhitehouse.archives.gov/briefing-room/statements-releases/2024/07/24/fact-sheet-biden-harris-administrations-progress-creating-a-future-made-in-america/ ↗
“The Make PPE in America Act, which was signed into law as part of Bipartisan Infrastructure Law, requires the Departments of Homeland Security, Health and Human Services and Veterans Affairs, to purchase American-made personal protected equipment”
- U.S. Government Accountability Officehttps://www.gao.gov/products/gao-22-105380 ↗
“Federal agencies used the Defense Production Act (DPA) and other actions over 100 times to help address COVID-19 medical supply needs through September 2021.”
- Biden Build Back Better Speech Transcript, Rev.comhttps://www.rev.com/transcripts/joe-biden-speech-transcript-on-economic-recovery-plan-july-9 ↗
“I'm going to double the tax on foreign profits so we don't encourage people to leave and build abroad.”
“Imposes a 15 percent minimum tax on corporate book income for corporations with profits over $1 billion, effective for tax years beginning after December 31, 2022.”
- Statement by Vice President Joe Biden on Trump's Failing Trade Deal with China, American Presidency Projecthttps://www.presidency.ucsb.edu/documents/statement-vice-president-joe-biden-trumps-failing-trade-deal-with-china ↗
“Trump's 'phase one' trade deal with China is failing — badly.”
“President Biden and 13 Partners Announce Key Outcomes to Fuel Inclusive, Sustainable Growth as Part of the Indo-Pacific Economic Framework for Prosperity”