Trade wars raged, deals were broken, and barriers were erected — the last four years have been pretty rough for U.S. trade policy. Now that Biden is officially the president-elect, it remains to be seen: Are things going to get any better?
With Trump at the helm, many trade professionals and scholars found themselves having to re-argue economics that had long been settled — i.e. Tariffs. Don’t. Work. Established economic truths were seemingly tossed aside in favor of rhetoric-driven protectionism. Now — thank heavens — Trump is on the way out, and Biden has positioned himself as a dramatically different type of leader. And although some disappointing similarities between the two leaders seem inevitable, when it comes to trade there’s scope for some cautious optimism in three key areas.
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