After four turbulent years in trade relations, Europe has high expectations of the Biden administration. However, the room for big trade reforms is small and new grand-scale liberalization is neither economically necessary nor politically realistic. Accordingly, Christian Freudlsperger, Edward Knudsen and Nils Redeker propose a pragmatic agenda that focuses on ending ongoing trade conflicts and making progress on some WTO reforms as well as trade-adjacent issues such as climate change and supply-chain security.
Policy
16.12.2020