b'2American Journal of Transportation ajot.comBiden Administration hits reset button for international trade top north american TheBidenAdministrationwillhavetoaddressexporters & importersnumeroustraderelatedissuesinthecoming months.Itsexpectedtheadministrationwill make moves back to a multilateral trading system but what will that mean in real world terms? Banner photoBy Matt Miller, AJOTInlateDecember,thein2021.That,naturally,will Trumpadministrationpro- boostglobaltrade,withcer-claimed Vietnam as a currencytain categoriescar exports manipulatorandthreatenedandimports,forexample to slap steep tariffs on Viet- expected to show real gains.namese goods bound for theAddtothisallsortsof US. Thoseinvolvedinbothother issues, notably the Brexit countriesheldtheirbreath.aftershocks. WouldVietnambecometheThen, there are domestic parting shot target of TrumpspressuresandBidensown longanddestructivetrade- Made In America campaign. related wrath? Bidenhimselfappearsto In the end, Trumps U.S.wanttobalancethewelfare Trade Representative (USTR)of American business with a refrained from any last-min- desire to re-engage strategic ute action. His office passed(RESETcontinued on onfindingstothe incomingpage 4) President Biden meets Senate Republicans at the White House.Biden team, adding to what is anever-lengtheningagenda ofrecalibratingglobalrela-tions and American strategic and economic priorities. The newadministrationmustin theprocessconfrontnumer-oustrade-relatedissuesthat stretch across several oceans and dozens of borders. It will have its hands full.Trade has become a very difficulttopicintheUnited States.WhenTrumpwas talking in these crude nation-alistictermsabouttrade, therewerelotsofpeople whofoundaresonancein that.So,Ithinkthisposes real constraints on the Biden administration,explained RichardBaldwin,professor ofiinternationaleconomics attheGeneva-basedGradu-ate Institute,during an online press conference. He added: The rules-based multilateral tradingsystemiswonderful and has been 70-years or so, and Trump broke it. It can be and should be fixed. It needs to be fixed. Richard Baldwin, professorPremier West of international economics at R eal Graduate Institute Coast Port W oRldI mplIcatIonsThesepolicieshavereal-worldimplications,asevery- The Port of Long Beach continues to build and thrive. one in the US from MidwesternOperational excellence and reliability make us the Port farmers to coastal port officialsof Choice.discoveredduringthetumul-tuous years of Trumps trade-related dictates. The changing oftheguardinWashington comes at a time when econo-miesaroundtheworldstill flounderbecauseofCOVID disruptions,althoughmany should at least begin to recover'