"(A) The relationship of the merchandise trade and current
account balances to the overall well-being of the United States
economy, and to wages and employment in various sectors of the
United States economy.
"(B) The impact that United States monetary and fiscal
policies may have on United States merchandise trade and current
account deficits.
"(C) The extent to which the coordination, allocation, and
accountability of trade responsibilities among Federal agencies
may contribute to the trade and current account deficits.
"(D) The causes and consequences of the merchandise trade and
current account deficits and specific bilateral trade deficits,
including--
"(i) identification and quantification of--
"(I) the macroeconomic factors and bilateral trade barriers
that may contribute to the United States merchandise trade and
current account deficits;
"(II) any impact of the merchandise trade and current account
deficits on the domestic economy, industrial base, manufacturing
capacity, technology, number and quality of jobs, productivity,
wages, and the United States standard of living;
"(III) any impact of the merchandise trade and current account
deficits on the defense production and innovation capabilities of
the United States; and
"(IV) trade deficits within individual industrial,
manufacturing, and production sectors, and any relationship
between such deficits and the increasing volume of intra-industry
and intra-company transactions;
"(ii) a review of the adequacy and accuracy of the current
collection and reporting of import and export data, and the
identification and development of additional data bases and
economic measurements that may be needed to properly quantify the
merchandise trade and current account balances, and any impact
the merchandise trade and current account balances may have on
the United States economy; and
"(iii) the extent to which there is reciprocal market access
substantially equivalent to that afforded by the United States in
each country with which the United States has a persistent and
substantial bilateral trade deficit, and the extent to which such
deficits have become structural.
"(E) Any relationship of United States merchandise trade and
current account deficits to both comparative and competitive
trade advantages within the global economy, including--
"(i) a systematic analysis of the United States trade atterns
with different trading partners and to what extent the trade
patterns are based on comparative and competitive trade
advantages;
"(ii) the extent to which the increased mobility of capital
and technology has changed both comparative and competive trade
advantages;
"(iii) any impact that labor, environmental, or health and
safety standards may have on comparative and competitive trade
advantages;
"(iv) the effect that offset and technology transfer
agreements have on the long-term competitiveness of the United
States manufacturing sectors; and
"(v) any effect that international trade, labor,
environmental, or other agreements may have on United States
competitiveness.
"(F) The extent to which differences in the growth rates of
the United States and its trading partners may impact on United
States merchandise trade and current account deficits.
"(G) The impact that currency exchange rate fluctuations and
any manipulations of exchange rates may have on United States
merchandise trade and current account deficits.
"(H) The flow of investments both into and out of the United
States, including--
"(i) any consequences for the United States economy and the
current status of the United States as a debtor nation;
"(ii) any relationship between such investment flows and the
United States merchandise trade and current account deficits and
living standards of United States workers;
"(iii) any impact such investment flows may have on United
States labor, community, environmental, and health and safety
standards, and how such investment flows influence the location
of manufacturing facilities; and
"(iv) the effect of barriers to United States foreign direct
investment in developed and developing nations, particularly
nations with which the United States has a merchandise trade and
current account deficit.
