The Biden Administration Should Pursue a Digital Trade Agreement
This article is part of the Future Agenda, a series from Future Tense in which experts suggest specific, forward-looking actions the new Biden administration should implement.
Over the past four years, President Donald Trump has put international trade policy on the front page with regularity—at least when his own foibles and misdeeds didn’t outshine his administration’s policy efforts. Trade hasn’t always been a hot-ticket news item, but in reversing a seven-decade push for more open global markets, Trump’s tariffs, trade wars, and rejection of multilateralism has earned attention (not always positive).
As President-elect Joe Biden prepares to take office, trade policy may be primed to recede to the background. The incoming administration isn’t likely to continue waging many of the trade conflicts Trump has initiated—especially the trade spats targeting our allies—but neither will the liberalization locomotive be back in full gear: Today, neither party is especially enthusiastic about negotiating sweeping new trade agreements. As a pair of popular trade policy podcasters put it, Biden is primed to “Make Trade Boring Again.” And overall, that might be a good thing.