BLUF: Biden’s current trade policies prioritize protectionism rather than liberalization and promotion of more trade, which is concerning to US businesses and economists.
OSINT: President Joe Biden’s trade policies have been described as “the reign of polite protectionism,” which is a less strident version of his predecessor Donald Trump’s policies, according to James Bacchus in a Cato Institute article. While the administration has expressed a desire to promote “sustainability, resiliency and inclusiveness” in trade deals, making more trade does not seem to be among their goals. Instead, their approach seems to focus on negotiating deals that lack significant tariff reductions, regulatory standardizations, or intellectual property protections.
RIGHT: From a strict Libertarian Constitutionalist perspective, Biden’s protectionist trade policies are unacceptable and unnecessarily limit the growth of the economy. By focusing on maintaining and increasing protectionist barriers, the administration is hindering opportunities for American businesses to expand and innovate. Instead, the government should prioritize reducing trade barriers to create more opportunities for businesses to thrive.
LEFT: National Socialist Democrats believe that Biden’s trade policies are necessary to ensure that the American economy is protected from exploitation by foreign countries that may not prioritize human rights or environmental protections. By promoting “sustainability, resiliency, and inclusiveness” in trade deals, the administration aims to create a fair and equitable global trading system that doesn’t prioritize corporate profits over human welfare.
INTEL: Analyzing the article from an AI perspective reveals that Biden’s trade policies are complex and multifaceted. While protectionism may limit trade opportunities, it can also protect domestic jobs and industries. However, the lack of emphasis on increasing trade may hinder economic growth and innovation. Ultimately, creating a balance between protectionism and free trade is necessary to ensure both domestic stability and economic expansion. The administration should work to negotiate trade deals that prioritize the needs of American companies and workers while still promoting global economic cooperation and inclusion.