Monday, February 14, 2022

The deep continuity in US Trade Policy between administrations (Obama, Trump, Biden)

In May 2021, I presented to a teleconference held in Le Havre, France, a paper underlining the deep continuities between Democrat and Republican US administrations in trade policies. 

The article appeared as "Continuity and Change in US Trade Policy Towards China and Beyond" in a collective volume of  Amandine CAYOL, Hye-Hwal SEONG, Remus TITIRIGA, Pierre CHABAL (eds.) Eurasian challenges to international economic law after BREXIT and in the context of the COVID-19, Peter Lang, Brussels, visible also at https://ssrn.com/abstract=4023085

The purpose of the paper was to determine whether the disruptive trade actions of the Trump administration concerning Eurasia and China would be pursued by the Biden admin­istration.

Trump administration followed within a crescendo the antidumping and countervailing duties favoured already in the last years by President Obama.

The Trump administration also took a bolder stance in using different US legal instruments (out of WTO but not forbidden by WTO) to adopt trade sanctions against China and other countries. However, according to expert commenters, a Hillary Presidency would have also used such mechanisms, albeit under different rhetoric. 

There was also a continuity in the escalation of US actions inside the WTO from Obama to Trump, who finally blocked the Appellate Body dispute settle­ment.

Given such deep continuities, I considered that the trade war with tariffs and sanctions on China adopted by the Trump administration will remain in place for the time being under the Biden administration.

No comments:

Post a Comment