b'APRIL 2021 SHIP PHILLY FIRST 5 Trends to watch as President Biden announces 2021 trade policy agendaJohn C. Fuller, Esq.Fox Rothschild LLPIn March 2021, the Biden Admin- 14005justdaysintohisterm.EO istration released its 2021 Trade Policy14005enhancestheBuyAmerican Agenda and 2020 Annual Report. TheActrequiringfederalgovernment Trade Policy Agenda marks the firstagencies to purchase American-made comprehensivestatementofPresi- products when possible.Among other dentBidenstradepolicyprioritiesthings, EO 14005 created a Made in and provides important signals as toAmericaOfficetomorestringently whatbusinessesintheinternationalreviewrequestsbyagenciestouse supply chain can expect in the comingforeign-madeproductsandmakes months and years. clear that the Biden Administration is F ocus oFu.s. E conomicG rowth poised to build on recent increases in domestic content thresholds for prod-Central to the trade policies out- ucts qualifying as American made.linedbytheBiden Administrationis rebuilding the U.S. economy throughr EbuildinGt raditionalt radEsupportforinfrastructure,manufac- P artnErshiPsturing, and agriculture.In light of theThe Trade Policy Agenda announces COVID-19 pandemic, the Trade PolicytheBiden Administrationsintention Agenda specifically outlines long-termto focus on rebuilding trade partner-investments to improve domestic pro- shipswithitsfriendsandallies. ductioncapacityformedialequip- TheBiden Administrationhassimi-ment and other products essential forlarly taken swift action to give effect public health.In addition, theTradeto these policies by agreeing to tem-PolicyAgendasetsforthacommit- porarilyhaltretaliatorytariffswith ment to worker centric trade policiestheUnitedKingdomandEuropean designed to bolster the production ofUnion. These temporary agreements, American manufacturing and agricul- entered into days after the release of tural products for foreign export whiletheTrade Policy Agenda, are meant ensuringequitableeconomicgrowthtoprovideU.S.andEuropeanlead-through strong labor standards. ership with an opportunity to resolve President Biden has already takentradetensionsthathaveemanated stepstoimplementhisAdministra- from Boeing/Airbus subsidy disputes tions commitment to American-madefor years and which were exacerbated products by issuing Executive Order(TRENDScontinued on page 10)'