Senate Democrats Seek to Outdo Trump on Trade
“For too long, big corporations have dictated how trade deals
and foreign acquisitions are negotiated and the American worker has been left without a seat at the table.”
Other proposals break new ground, like an American Jobs Security Council to review foreign investments in American companies.
WASHINGTON — Senate Democrats on Wednesday began an effort to outdo President Trump
on a signature issue: protecting American workers from foreign competition.
Senate and House Democrats last month started an effort to highlight the party’s economic policy proposals under the slogan “A Better Deal.” The first round of proposals includes a $15 federal minimum wage, strengthened antitrust enforcement
and measures to hold down prices for pharmaceuticals.
But Mr. Schumer sought to draw a distinction between Democrats and Mr. Trump.
It is modeled on an existing body that prevents investments
that undermine national security; the new body would be responsible for preventing “detrimental economic impacts.”
As an example, the plan says the council could have blocked the proposed purchase of the Chicago Stock Exchange by Chinese investors.
