President Joe Biden wants a “new economic order” that breaks from decades of established trade rules. His chief trade ambassador, Katherine Tai, is reaping the blowback.
President Joe Biden wants to establish a “new economic world order” that focuses less on serving U.S. consumers — the norm for decades — and more on protecting American workers.When she goes to Capitol Hill, Tai iswho complain the administration’s trade agenda is unambitious and inadequate to compete globally. In her travels around the country,that the administration is not opening more markets to exports.
Biden’s trade pivot includes shunning the sprawling free trade agreements pushed by his predecessors — from Bill Clinton’s NAFTA to Barack Obama’s Trans-Pacific Partnership. Instead, the administration is refusing to cut tariffs on imports and trying to craft regional agreements in Latin America and the Indo-Pacific that do not require congressional approval, as well as trade and investment partnerships with Kenya and Taiwan.
“If we want different outcomes, we’ve got to be willing to try new things,” Tai said earlier this month following. “I don’t know that every single one of them is going to work.”Tai, a longtime House trade staffer who previously worked on China trade issues at USTR, was confirmed to her Cabinet post in March 2021 on a 98-0 vote in the Senate, with lawmakers praising her reputation of working across party lines to advance legislation.
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