Biden’s Trade Team: RIP Globalization


“… The looming November elections mean that Biden and Democrats only have a few months to enact their trade agenda before a likely wave of opposition stalls it. But no matter the outcomes of the next few elections, trade veterans say there’s no going back to the free-trading days before Trump and the pandemic. Investors, C-suites, boards of directors need to be fundamentally relooking at all the assumptions that they had about how the world would be organized. That doesn’t mean no trade, it just means that trade will likely be reformed over time … and we’ll look back at the heady days of the 2000s and the early 2010s and ask ‘what were we thinking of then?”