Remarks on the trade relations of the US to the EUUK, third countries and the wto: from 2021 on

• Author: Gary N. Holick
• Profession: Lawyer. Visiting Lecturer, Yale Law School
• Pages: 123-131

REMARKS ON THE TRADE RELATIONS OF

THE US TO THE EU-UK, THIRD COUNTRIES

AND THE WTO: FROM 2021 ON

REMARKS ON THE TRADE RELATIONS OF THE US TO THE EU-UK, THIRD COUNTRIES AND THE...

GARY N. HOLICK*

The most important trade development to date in 2021 is the

replacement in the U.S. of the Trump Administration by the Biden

Administration.

The Biden Administration’s domestic priorities—all with

signi cant trade aspects—are:

x Climate change (with subsidies, “buy national” protection –

according to Biden, within WTO rules)

x COVID and economic recovery/rebuilding (and more Buy

America(n))

x Progressive policies (economic, gender, and racial inequality,

human rights, labor rights, and more—to be incorporated in

trade agreements/arrangements)

x China (and a plethora of trade issues) – to be pursued with allies,

unlike Trump.

As to the timing, throughout the campaign, and reinforced by Biden

on 2 December, was the caution that trade agreements will have to wait

until steps have been taken to “build better” the U.S. economy. That said,

the signing of RCEP, the start of negotiations by the UK (the world’s  fth

* Lawyer. Visiting Lecturer, Yale Law School.