The 2017 Republican tax law cut taxes for corporations and the rich to the erroneous promise to raise workers` wages4 Corporate profits, share buybacks, and mergers and acquisitions have all exploded, but working-class wages have hardly moved5 The international provisions of the 2017 tax law further incentivize external operations at the expense of domestic investment and purchases.6 The nation`s economy the. The Trump administration`s nda on financial deregulation Budget cuts and attacks on workplace safety and the protection of labor rights will only worsen the situation of working families. Bilateral trade between the United States and China accounted for 15.7% of the United States. Merchandise trade in 2018, when it was the United States` largest trading partner. Since then, trade between the United States and China has fallen to third place behind Mexico and Canada and totaled 13.5% of total trade between 2019 and September. Beginning with the government of Theodore Roosevelt, the United States became a major player in international trade, especially with its neighboring territories in the Caribbean and Latin America. Today, the United States has become a leader in the free trade movement and supports groups such as the General Agreement on Tariffs and Trade (later the World Trade Organization). [Citation required] All trade statistics come from foreign trade – U.S. Census Bureau.” For two economies of this size whose trade is so important, the EU and the US inevitably face a number of trade disputes that go through the WTO dispute settlement mechanism. .