Republican Senator Ted Cruz of Texas sent a letter to the Federal Trade Commission on Tuesday, taking the agency to task for its cooperation with the European Union on regulations. In the letter, Cruz noted that the regulations could have a “devastating” impact on congressional authority and could “harm” the competitiveness of U.S. businesses.
In the letter, Cruz expressed concern about the cooperation between the Trade Commission and the European Union, saying that such cooperation could lead to external influence on U.S. trade policy, weakening the role of Congress in the development of trade policy. He further stated that such cooperation could result in U.S. firms facing challenges of unfair competition in the international marketplace, thereby affecting their competitiveness and market share.
Overall, Cruz’s letter highlights his concerns about the Trade Commission’s cooperation with the European Union and the importance he attaches to the defense of U.S. trade policy and business competitiveness. The views expressed in his letter are likely to generate further discussion and concern, particularly in Congress and in trade policymaking.