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U.S. Trade Policy under the New Biden Administration

  • 저자Gu Sang Kang
  • 발간일2020-11-25

Through the U.S. presidential election on November 3rd in 2020, Joseph Biden has been elected as the 46th President of the United States. Biden will make changes in trade policies implemented under the Trump administration. The Biden administration will basically support free trade. When it comes to specific issues, however, the Biden administration will take different actions. First, Biden will maintain strong protectionist measures towards China together with U.S. strong allies. Secondly, the Biden administration will try to tackle many issues related to the WTO for the purpose of reviving the WTO in which the U.S. will play a leading role. Third, the Biden administration will construct U.S.-centered supply chains. We need to examine the details which the Biden administration will require its allies to discuss. For example, we can provide the U.S. government with ways of direct participation or cooperation in industries such as automobiles, semiconductors, and secondary batteries, in which it is competitive on the global stage.

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