2021/02/10

Biden Administration is still reviewing about the trade policy that Mr.Trump implemented

The Biden Administration indicated that new frame of trade will pursue "worker focused" approach. This means the underlying direction of trade will focus on recovering American manufacture economy by promoting American export. It is still unclear how they will implement this policy specifically, but it is predictable that the trade will be based on environment-friendly factors and American workers. Also, Mr.Biden also has to come up with decision about legacy of higher trade barriers and large tariffs on foreign products, including goods from China. On Feb 1, Mr.Biden reinstated tariffs on aluminum imported from United Arab Emirates, which can be a clue to the future decision. 


바이든 정권의 도래함에 따른 글로벌 무역의 방향성이 궁금해진다. 전 대통령인 트럼프 줭권의 보호무역주의 정책을 유지할 것인지도 주목해봐야 할 문제인듯 하다. 하지만 유추를 해보자면, 바이든은 자국의 노동자를 위한 프레임을 구상했을 것이다. 트럼프와 같은 극단적이고 자극적인 정책을 추구하지는 않을 것이지만 주변국과의 강화된 동맹 기반의 방향성을 장려할 가능성이 매우 높을 것이다. 



New York times
https://www.nytimes.com/2021/02/08/business/economy/biden-trade.html


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