Tracking the Biden Trade Transition and Transition Teams
President-elect Biden will be inaugurated on January 20, 2021. Here is how his trade team and agenda are shaping up.
- President-elect Biden has moved quickly to build his trade team.
- Notably, Katherine Tai, Chief Trade Counsel for the US House Committee on Ways and Means, was named as the nominee for United States Trade Representative (USTR).
- Ms. Tai’s background is indicative of the incoming Administration’s likely approach to taking tough stances against China. It is also a good bet that she will fully implement and enforce the strong labor provisions in the US-Mexico-Canada (USMCA) Agreement, which she was instrumental in negotiating.
- For Secretary of Commerce, we could see Biden reach across the aisle and pick a Republican nominee.
What to Know
- Strong US trade enforcement activities will remain an important priority for the Biden era as it has been during the preceding four years – from “border enforcement” to broader US countervailing and antidumping investigations.
- Although Biden has moved quickly to build his trade team, we expect that Congressional confirmation of the nominees and any subsequent action will take some time.
- We expect that the US relationship with China will continue to dominate the US trade agenda. The USTR and the Biden Administration will likely retain a tough stance vis a vis China, although with a different approach than the Trump Administration, achieving this by rebuilding multilateral trade relationships and trust in international institutions.
- In the next months, we expect that the USTR will focus on managing existing trade initiatives, including US Section 232 and 301 tariffs, and not necessarily pursuing new projects.
- But first, President-elect Biden has vowed a US domestic focus – to invest in and protect US business against injurious trade practices, “leveling the playing field” for American workers.
How We Can Help
The team at Arent Fox has earned a strong reputation in the international trade community for our ability to understand and speak the language of business. Our multi-disciplinary approach is designed to provide business executives with a strategic understanding of new US trade regulations and a “connect the dots” perspective for a whole-company trade compliance program. Our aim is to reduce the risks of “not knowing” and to increase a company’s competitive stance in the US marketplace.
Arent Fox's Advance Look at Hot Button Trade Issues For 2021
Our Trade Team Analyzes What Happens Next in Six Critical Areas
Looking towards 2021 and a new Administration, Arent Fox's International Trade & Investment group has prepared a series of primers on six key areas that can impact your business: The Biden Transition, Special Tariffs, Customs, Trade Litigation, Export Controls, and Trade Policy. Each section contains short overviews of the critical trends in those areas. Click the links below to access each section.
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