Biden inauguration and cabinet: a sigh of relief for global trade?

Joe Biden has been sworn in as the 46th president of the United States, bringing hope for a more diplomatic and predictable environment for one of the world’s most powerful trading nations. President Biden takes the reins of a country in turmoil because of the pandemic – the US has recorded more than 400,000 deaths due to Covid-19 – and an historic and polarising election, the result of which led to Trump supporters storming the US Capitol in a violent act of protest to overturn his defeat. Five people died during the riot and, days after the attack, Trump was impeached for “incitement of insurrection” – his second impeachment during his term. Biden and vice-president Kamala Harris now face the tough task of uniting a bitterly divided country. When it comes to US trade, the country’s key trading partners will likely welcome a more co-operative business environment, and potentially a more predictable approach to economic measures such as sanctions.   Cabinet picks for trade With his cabinet picks now ready to assume office – once all have been confirmed by the Senate – we take a look at the men and women who have been put in charge of the… continue reading

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