Trade

Utah understands the benefits of foreign trade. I support free and fair trade with other countries.  In some instances, nations or companies have cheated on trade agreements and the United States should take punitive action against them. Further, trade agreements must benefit American workers who have been disproportionately impacted by automation and past trade actions.

I oppose broad-based tariffs, but I will support focused tariffs on well-documented cheaters who subvert American companies and workers. As trade deals are negotiated, I will fight for policies that open markets for Utah’s agriculture exports such as the U.S.-Mexico-Canada Agreement (USMCA).

Issues

Related News

Romney Joins Amicus Brief Supporting Uinta Basin Railway Project in Supreme Court Case

Senator Romney joined a group of colleagues, led by Senator Barrasso (R-WY), in filing an amicus brief in the Supreme Court of the United States opposing the extreme judicial expansion of the National Environmental Policy Act and supporting the construction of the Uinta Basin Railway, a proposed 88-mile rail line that would connect the oil-rich Uinta Basin region of eastern Utah to the national rail network.

09.05.2024

Romney Welcomes Historic Investment for Semiconductor Manufacturing in Utah

Senator Romney applauded an agreement between Texas Instruments Incorporated (TI) and the U.S. Department of Commerce to use up to $1.6 billion in funding from the CHIPS and Science Act in support of three 300mm semiconductor wafer fabrication plants (fab) already under construction—including its fab in Utah’s Silicon Slopes. In February 2023, TI announced it had selected Lehi, Utah, as the site of its next fab—bringing an $11 billion investment to the state.

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Romney, Colleagues Introduce Crypto Anti-Money Laundering Bill to Stop Illicit Transfers

In an effort to prevent money laundering and stop crypto-facilitated crime and sanctions violations, Senators Romney (R-UT), Reed (D-RI), Rounds (R-SD), and Warner (D-VA) introduced the Crypto-Asset National Security Enhancement and Enforcement (CANSEE) Act. This bipartisan legislation requires decentralized finance (DeFi) services to meet the same anti-money laundering (AML) and economic sanctions compliance obligations as other financial companies, including centralized crypto trading platforms, casinos, and even pawn shops.

07.19.2023