Washington, D.C. — Under President Joe Biden, the United States is reinvigorating its trade policy to better confront the major challenges of the 21st century, according to a new analysis from the Center for American Progress. This approach raises key questions on how U.S. trade policy will face the growing challenges of climate change, inequality, and great power competition.
“The Biden administration has pursued innovative trade policies that strengthen national security, empower workers, and support climate action,” said Trevor Sutton, a senior fellow for National Security and International Policy at CAP and co-author of the brief. “But going forward, U.S. officials will need to make tough decisions on key questions of global economic governance and U.S. economic relations with key partners.”
The brief outlines some of the key trade initiatives pursued by the Biden administration to date and examines how U.S. trade policy faces key questions at the intersection of trade, climate, and industrial policy:
- How to align trade with climate and environmental issues more broadly?
- What is the future of market access?
- How does industrial policy relate to trade policy?
- What is the endgame with China?
- Do we need a less efficient global trading system?
- What is the role for countries of the Global South?
Read the issue brief: “A New Horizon in U.S. Trade Policy: Key Developments and Questions for the Biden Administration” by Trevor Sutton and Mike Williams
For more information or to speak with an expert, please contact Sam Hananel at [email protected].