News Snapshot:
Hello. It’s a year into President Joe Biden’s administration. How’s he doing? Well, it probably doesn’t matter much for the voters, for whom inflation, growth and the pandemic are more important, but from the trade point of view he’s definitely towards the interventionist side, slightly moderated by expediency. Biden has kept those parts of the Trump inheritance he feels are politically vital (China tariffs), jury-rigged some makeshift solutions to those he doesn’t (Airbus-Boeing, Section 232 tariffs) and, most worryingly, set in motion a bunch of processes (Buy American, electric vehicle domestic-content tax reliefs, supply chain resilience) which could — repeat...
