Introduction

Whether you lean towards conservatism or liberalism, it is hard to overlook the isolated trade relations set forth in motion by former U.S. President Donald Trump. With a new administration comes a new hope to restore the flawed global trade policy, including trade relations with China.

Ideally, a multi-lateral trade deal with China would work in the interests of global trade. Furthermore, the Biden administration intends to improve the bilateral ties between China and U.S. in order to alleviate the tension.

However, the fact remains that President Biden’s Administration will have to do a lot of damage control of the precious controversial China-U.S. trade policy. Financial analysts and experts concur that there is a good chance of an integrated international trade deal approach under the Biden Administration.

Shift in the U.S. Trade Policy

It would be fair to say that the last four years have been chaotic for US trade policy. Despite a progressive and broadminded approach from the new administration, China will showcase aggression over previous controversial trade deals and relations.

严格的贸易政策和冲突

事实上,真相事实上,由于该国在资本主义中留下的严格贸易政策和权威行动,因此难以在中国努力运营。更不用说令人兴趣的令人担忧的令人担忧的是,涉嫌起诉可能会推迟改革贸易交易的希望。

More Transparent and Liberal Trade Approach

拜登的自由主义国际主义贸易方法将有助于美国富裕的跨太平洋贸易伙伴关系。这是特朗普决定于2017年决定放弃的12个国家之间的重要贸易协定。此外,拜登希望重启与欧盟跨大西洋贸易和投资伙伴关系的贸易关系,以及在Brexit后谈判修订的贸易术语欧洲。

更多合作和实用主义

目前,新政府目前的重点是保护现有的单方面贸易交易,然后推动新的贸易方法。拜登政府还希望务实,并制定更多的合作国际贸易交易。

Possible New Global Trade Deals

In fact, Biden Administration will likely be more agreeable to international trade deals that may have been not aligned with President Trump. The new leadership will also take steps and improve the economic impact of trade deals due to the onslaught of the pandemic crisis.

非对抗贸易方法

There is always a flip side to the coin, and at some point, President Biden and his administration might condemn China over its unfair breach of sea routes and violation of human rights. The new administration wants to tend to the old wounds rather than confront the abuses and mistakes of the past.

Conclusion

A defined, broader, and well-thought-out global trade policy has become the center of attention for the new administration. As more international trade agreements take place, President Biden will focus on domestic trade policies. Of course, the idea to increase the export of U.S. products will require more participation and promotion.

In retrospect, President Biden’s administration wants to create more centrist and balanced trade relationships with China and the rest of the world. Even if the new administration does not reverse the populist policies, it will prioritize U.S. economic and trade interests through constrained internationalism.

参考:
https://www.china-briefing.com/news/what-will-a-biden-administration-mean-forasia-trade-policy-in-2021/
https://www.cnbc.com/2021/01/26/outlook-for-china-us-relations-under-biden-administration.html
https://www.japantimes.co.jp/opinion/2021/01/18/commentary/world-commentary/joe-biden-trade-war-china/
https://www.reuters.com/article/us-usa-trade-china-idUSKBN29Y2DV
https://fortune.com/2021/01/20/biden-china-team-policy-trump//

Sign up for our Newsletter.

Stay up-to-date on industrial component sourcing news.