New administration, same old trade policy? There is a world of difference between outgoing U.S. President Donald Trump and President-elect Joe Biden, but when it comes to trade—especially with China—Biden has promised to out-protect even the exiting arch-protectionist. Not only did Biden, as a candidate, pledge to take even more “aggressive trade enforcement actions against China,” but he also proposed to rewrite global procurement rules to accommodate his $400 billion “buy American” plan for government purchases. Japan and the European Union might have something to say about that.
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