Biden’s Administration’s Impact on US Trade Policy

USA and trade war concept

The Biden administration will still view China as a competitor in many areas but also as a country to collaborate with as we address some of the serious issues facing the world today, for example public health, the Covid-19 crisis, and climate change and environmental issues. There is also a realization that China and the U.S. depend on each other economically.  

The incoming administration recognizes that the U.S. must deal with China on trade issues that have spanned both the Obama and Trump administrations. Tariffs may be lessened over time by the Biden administration, but most likely not in the first six months or even first year. Regarding the 232 tariffs on steel and aluminum, Biden is expected to rollback of some of those tariffs with our key allies Canada, Mexico, Europe, the UK, etc.  

The Biden administration is looking more for multilateral cooperation on trade related issues to then take on China on issues like intellectual property theft.  

There’s bipartisan support around trying to reassure U.S. manufacturing industries to create more jobs here in the United States. The Trump administration’s approach was proposing a surtax on any U.S. company that went offshore to manufacture regardless of the purpose, which is a trend the U.S. has seen as a result of the pandemic and as a result of some issues related to China in general.  

The Biden administration will focus more on tax credits to help revitalize struggling entities that may have been impacted by past free trade agreements, globalization, or automation. Certain manufacturing facilities will also see a tax credit to retool and re-shore back to the United States, creating more U.S jobs or increasing U.S payrolls within existing manufacturing industries. 



More Posts

AEO Program Implementation requires partnerships and communications from all Western Balkans Parties

CT Strategies Partners with GIZ For Western Balkans AEO Development

The project strives to deepen regional economic integration and improve the CEFTA Parties’ capacities to prepare, validate, and implement the mutual recognition of national AEO programs. The CTS team of AEO experts will provide training, workshops, and risk assessments for this project.

Are U.S. Companies Permanently Restructuring Their Supply Chains?

Beijing officials launched mass testing programs, shut down schools, and imposed targeted lockdowns on some residential buildings. The lockdown of the two mega-cities is only the latest impact of the stringent zero-COVID policy that has resulted in the repeated imposition of strict quarantine measures during the pandemic. These closures and associated effects on the global supply chain have come when the United States and other countries are reversing course on pandemic control measures. If consumer demand continues to rise in countries with relaxing restrictions, a new set of supply-side bottlenecks are expected should China continue its strict COVID measures.

Wine for a Cause at CT Strategies

CTS partners with Chufly Wine to raise awareness for San Miguel Boys School. San Miguel provides tuition-free education for disavantaged middle school aged boys. Notable for its high-quality education, the school boasts an impressive 100% graduation rate.

This website uses cookies to ensure you get the best experience on our website.