What's next for the United States? - Foundation Office China
The new President has made it clear that before addressing any new trade agenda his number one priority will be to control the virus by getting his $1.9 trillion relief package passed through U.S. Congress. He stands behind the campaign plan to βBuild Back Betterβ providing needed economic relief to help get families and business to the other side of the crisis while building an economy that is more resilient, more fair and more inclusive. Regarding trade policy, he argues that βeconomic security is national security. Our trade policy has to start at homeβ (Biden, 2020).
Key Policy Goals
To get a clearer understanding of the direction the Biden-Harris administration wants to take in regards to international trade and U.S. competitiveness, one needs to draw from the Biden-Harris Campaign website. Here βJoeβs Visionβ is displayed in a series of policy papers with detailed roadmaps with a broad scope of domestic and international issues, ranging from βClimate & Energyβ, βDomestic Policyβ, βForeign Policyβ, βOlderβ and βYounger Americansβ, to βJobs & Economyβ. Among the 43 plans that fall under βJobs & Economy,β several highlight the direction that the new Biden administration will take on trade. The economic plan titled βThe Biden plan to ensure the future is βmade in all of America by all of Americaβs workersβ will guide the U.S. government in pursuing international trade goals and committing to international trade obligations. βJoeβs Visionβ is that βtrade must be to build the American middle class, create jobs, raise wages, and strengthen communities.β
Specifics regarding what lies ahead can be found in the often-cited plan, βBuild Back Better: Joe Bidenβs jobs and economic recovery plan for working familiesβ and from statements by the Biden-Harris economic and trade team. The Biden-Harris administration details their framework for international trade and U.S. economic competitiveness in the following areas:
- Implement a worker-centered trade policy, where βAmericans also benefit from having good jobs, with good wages;β
- Build a βmodern infrastructure and an equitable, clean energy futureβ to promote American competitiveness;
- Negotiate labor and environmental prescriptions new trade deals (USMCA serves as a model);
- Pursue enforcement measures βwhen parties falter and stray from old and new commitments;β
- Counter βstiffening competition from a growing and ambitious China, whose economy is directed by central planners who are not subject to the pressures of political pluralism, democratic elections, or popular opinion;β
- Seek multilateral cooperation among allies in a strategy he calls βtechno democracies.β He contends that America and its democratic allies must confront Chinese state capitalism and abusive economic practices through collaboration among democracies regarding technology, standards and innovation;
- Believes in free and βfairβ trade by ensuring that the rules of the international economy are not rigged against the United States.
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