Abstract

This article reviews the Trump Administration’s impact on US investment policy – meaning, US policy regarding the promotion and protection of US investment abroad – at the close of the Administration. In short, the Administration’s impact on US investment policy was substantial by any measure. It withdrew the United States from the Trans-Pacific Partnership, which was effectively the largest investment agreement ever negotiated, and it also renegotiated the North American Free Trade Agreement and replaced it with the United States-Mexico-Canada Agreement (USMCA), which features a novel approach to investor-state dispute settlement. The Administration’s impact on US investment policy was also shaped by steps it chose not to take, including its decision not to replicate its approach in the USMCA in its amendments to the Korea-United States Free Trade Agreement, re-start the United States-China Bilateral Investment Treaty or Trans-Atlantic Trade and Investment Partnership negotiations or re-visit dozens of US investment agreements that are currently in force. This article reviews these decisions with a view to considering the challenges and opportunities that await future US policymakers in the executive and legislative branches with respect to US investment policy.

中文翻译：

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特朗普政府对美国投资政策的影响

摘要

本文在特朗普政府闭幕时回顾了特朗普政府对美国投资政策的影响，即美国有关促进和保护美国海外投资的政策。简而言之，无论如何，政府对美国投资政策的影响都是巨大的。它使美国退出了《跨太平洋伙伴关系协定》，该协定实际上是有史以来最大的投资协议，并且还重新谈判了《北美自由贸易协定》，并以《美国-墨西哥-加拿大协定》（USMCA）取代了该协定。一种解决投资者与国家间争端的新颖方法。政府对美国投资政策的影响也受到它选择不采取的步骤的影响，包括在其对《韩美自由贸易协定》的修正案中不重复其在USMCA中采取的做法的决定，重新启动《中美双边投资条约》或《跨大西洋贸易和投资伙伴关系》的谈判或重新访问数十项当前生效的美国投资协议。本文对这些决定进行了回顾，以期考虑到美国投资政策在行政和立法部门中未来的美国决策者所面临的挑战和机遇。