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Don’t expect a quick end to Trump’s trade wars



However, some analysts are skeptical of giving up, arguing that allies will immediately demand a reversal of many of the Trump administration’s trade policies with Biden’s victory. And they note that the president-elect has some of its own far-reaching commercial priorities, like using new agreements to combat climate change.

Some Democrats trade veterans say the campaign focuses on domestic issues obscuring debate between the fledgling Biden administration – and the larger Democrats – over whether to return Presidents Barack Obama and Bill Clinton’s free trade agenda, or a more populist that protects the environment and pays workers more.

“I think there̵

7;s a battle going on, among moderate Democrats, who say,” said Beth Baltzan, a former commercial attorney for the House’s Methods and Vehicles Committee. More trade is always better and liberalization is the answer to everything ”and more progressive factors.

But calling for a cease-fire on some of Trump’s trade wars in the White House could provide an opportunity to expand the US manufacturing workforce. Although 66,000 jobs were achieved in September, factory jobs still fell 647,000 compared to February due to the pandemic, according to statistics from the Ministry of Labor. Some economists say the removal of some of Trump’s tariffs, which Biden has labeled “damaging” and “damaging”, could provide quick relief to affected manufacturers. because of higher import prices and limited access to foreign markets.

“If the next administration can end the trade war, eliminate tariffs and continue to stop taxing essentially Americans buying foreign goods, I think we’ll see a huge boom in the field. manufacturing in the United States and really boosting prospects, says Michael Hicks, an economist at Ball State University who studies manufacturing in the Midwest. “[I]If we see the second term of the Trump presidency, I hope manufacturing jobs will not return as they would by the end of the Obama administration. “

However, the schedule for doing so is not clear. Although Biden could theoretically lift restrictions as soon as he takes office, he must also respond to a mix of conflicting interests, including corporations, unions, advancers. US ministries, farmers and allies – showed that he could choose to drop tariffs for months. , or even years, when he determines what stays and what will go.

His “Made in America” ​​plan favors a “pro-US tax and trade strategy” but doesn’t explicitly cite tariffs; he wrote to the United Steelworkers in May that he plans to “use tariffs when they are needed, but the difference between me and Trump is that I will have a strategy – a plan – to use those tariffs. win the championship.” A leading trade adviser said September 22 that Biden does not rule out new tariffs on imports.


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