“There's no going back to business as usual on trade. We need new rules, and a new process that has the voices of all stakeholders at the table.”
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Biden did not return to a pre-2017 trade posture; instead his administration kept Trump-era Section 301 China tariffs and layered new ones on after a formal four-year statutory review finalized September 13, 2024. On the 'new process with all stakeholders' front, USTR pursued the Indo-Pacific Economic Framework (launched May 2022) with 13 partner nations, concluding a Supply Chain Agreement that entered into force February 2024, though the trade-pillar negotiations were shelved in November 2023 after union and congressional Democrat objections. The administration built some new multilateral consultative structures but did not deliver a comprehensive new trade rulebook.
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