The Biden administration’s stance on international trade will likely mark a significant shift away from President Donald Trump’s heavy-on-tariffs approach. Trump slapped tariffs on Chinese steel and other goods to punish Beijing for what the administration said were unfair currency practices and potential national security threats. Those moves were largely opposed by U.S. allies, including Canada.
Biden opposes Chinese tariffs and has promised to improve U.S. relationships with countries around the hemisphere and globe. But he hasn’t indicated that undoing the tariffs will be a top priority. Instead Biden has promised to oversee an aggressive “Buy American” campaign that would use federal funds to purchase $400 billion of U.S.-made goods and spend another $300 billion on new research and development from domestic technology firms.