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Tim Scott on Free Trade

 

 


Opposes currency manipulation as trade negotiation topic

The Senate rejected an amendment sponsored by Sen. Rob Portman (R-OH) to the Trade Act (HR 1314). The amendment would have defined currency manipulation as a key issue for US trade negotiators to take into account during trade talks with other countries. A supporter, Sen. Debbie Stabenow (D-MI) said Japan and other Asian countries have used currency manipulation as a primary tactic to promote exports and discourage imports, creating an unfair trade dynamic for the US that hurts domestic manufacturers.

An amendment opponent, Sen. Orrin Hatch (R-UT) called it "far too risky" because it would derail prospects for signing the Trans-Pacific Partnership with Asian countries, subject US monetary policies to the threat of sanctions from overseas, and discourage currency exchange rate transparency by countries that export goods to the U.S. The vote, on May 22, was 48 yeas to 51 nays.

NAYS: Sen. Tim Scott R-SC

YEAS: Sen. Lindsey Graham

Source: Greenville News coverage of 2016 South Carolina Senate race , May 30, 2015

Rated 38% by the USAE, indicating support for trade sanctions.

Scott scores 38% 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: Tim Scott on other issues:
SC Gubernatorial:
Lindsey Graham
Nikki Haley
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Brad Hutto
Jay Stamper
Jim DeMint
Lee Bright
Lindsey Graham
Nancy Mace
Rick Wade
Thomas Ravenel

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Page last updated: May 02, 2016