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서지반출
U.S. Trade Policy under the New Biden Administration
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  • U.S. Trade Policy under the New Biden Administration
저자명
Gu Sang Kang
간행물명
KIEP Opinions
권/호정보
2020년|pp.1-4 (4 pages)
발행정보
대외경제정책연구원|한국
파일정보
기타|eng|
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영문초록

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.