Biden’s Trade Policy: What’s Next?

  • Biden administration is under pressure from the US business community, Congress, and allies to articulate a coherent trade policy, particularly in relation to China.
  • Businesses should plan around the likelihood that Biden will keep tariffs on China in place, possibly for years to come. Any easing of the policy is likely to come via a new and streamlined product exclusion process.
  • The US, however, is likely to ease Trump-era tariffs that affected allies, notably the Section 232 tariffs on steel and aluminum, in the hope that this will facilitate closer coordination with partners on China-related concerns.
Posted July 22, 2022
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