Commitment to Fair Trade
Since entering the Senate, I have worked to ensure U.S. trade policy prioritizes workers’ rights at home and abroad, and advances the geopolitical and economic interests of the United States.  I believe that properly constructed trade agreements benefit our country and our workers.  Trade agreements that truly focus on fair trade—as well as free trade—provide consumers with goods and services at more affordable prices, make our exports easier to sell abroad, and promote important foreign policy objectives.



I have called for a prompt resolution of outstanding issues related to the U.S.-Korea Free Trade Agreement (KORUS FTA).  Passing this agreement will be a strong affirmation to our ally, the Republic of Korea, and the world of the U.S. commitment to security and prosperity in the Asia Pacific Region, open markets, and the rules-based trading system.

I also strongly support the enforcement of U.S. trade laws to combat unfair practices by our nation’s trading partners.  For example, I have encouraged the U.S. Department of Commerce and the U.S. International Trade Commission to maintain tariffs on imports that are sold at prices that violate domestic and international trade laws, damaging industries in Virginia and across the country.  

I am an original cosponsor of the Currency Exchange Rate Oversight Reform Act of 2010 (S. 3134), which provides for meaningful sanctions to be applied to countries, such as China, that manipulate their currency.  China’s currency is significantly undervalued, severely limiting U.S. exports to China and, most importantly, causing job losses here at home.  Experts estimate that an increase in China’s currency of 20 percent would decrease the U.S. trade deficit by $50 billion to $120 billion.

I have also supported efforts to help workers who have lost their jobs due to trade to get re-trained through the Trade Adjustment Assistance (TAA) program.  Workers across Virginia have received help through TAA.

As Congress works to promote economic growth and facilitate job creation, we must ensure that hardworking Americans experience the benefits from our trade policies.