America Must Mend Many Fences on Trade
The past four years of US protectionism and unilateralism will serve as a lasting reminder of how not to conduct trade policy in the twenty-first century. The Trump administration has utterly failed to achieve any of its stated objectives, and the incoming Biden administration will have to act quickly to repair the damage.
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WASHINGTON, DC – Until 2016, global leadership was a hallmark of American greatness. The United States was at the forefront of establishing and supporting the United Nations, the International Monetary Fund, the World Trade Organization, and much else. America was exceptional in that, despite its stature at the end of World War II, it chose to build a world order through multilateralism and global institutions, rather than pursuing reparations and unilateralism.