Hopes for new beginnings on US trade policy

2020 was a catastrophic year in many ways, especially regarding the pandemic, but it didn’t come out of nowhere. In the United States, it reflected, and was worsened by, President Donald Trump. That ugly political situation, in turn, resulted from years of failed economic, social and climate policies that increased inequality and corporate power. Bernie Sanders put it well in his recent interview with The Nation, “We have gotten a reprieve. Democracy has gotten a reprieve with Biden’s victory. That’s all it is. We did not win a rejection of what Trump stands for. We have got to ask ourselves, ‘Why are we at a place where democracy is now so very threatened, and what do we do about it?’ That is the question that every American should be discussing.”

Trade policy is a good example of that need for real change. Since the start of the Generalized Agreement on Trade and Tariffs (GATT) in 1947, trade agreements have evolved from basic rules intended to prevent conflicts. Now they are comprehensive and binding agreements designed to facilitate flows of goods, services and investment no matter what the cost to local economies, public health or our environments. Read More.

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