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America needs straight talk on trade

Allies are crying out for clarity from the Biden administration, with a clear plan from Trump waiting in the wings.

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The Biden administration needs to clarify its own approach to US trade and why it is superior to Trump's America First stance, says the writer.

The Biden administration needs to clarify its own approach to US trade and why it is superior to Trump's America First stance, says the writer.

PHOTO: AFP

Rana Foroohar

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Trade policy is where the rubber meets the road between Mr Joe Biden’s two favourite interest groups – American workers and American allies. Consider the recent statement about

Japanese giant Nippon Steel’s bid for US Steel

by the US President’s top economic adviser, Ms Lael Brainard.

While Mr Biden welcomes “manufacturers across the world building their futures in America with American jobs and American workers”, she said, “he also believes the purchase of this iconic American-owned company by a foreign entity – even one from a close ally – appears to deserve serious scrutiny in terms of its potential impact on national security and supply chain reliability”.

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