Biden's Trade Strategy Leaves U.S. Sidelined as China Forges Ahead
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Retailers feel current U.S. economic pain is from an international trading strategy that isn’t working, as shown by survey data on consumers' economic outlook.
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Team Biden has missed the boat on trade policy, sticking with Trump's China approach without alternatives, hurting consumers through inflation.
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While trying to reshore jobs, Biden hasn't opened new trade doors, unlike China which has aggressively expanded trade pacts in Asia.
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U.S. not part of major new Asian trading blocs (RCEP, CPTPP) formed while it pushes the process-focused IPEF.
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Alarm bells should be ringing about China's trade expansion, but Biden's "America is Back" slogan rings hollow on trade policy sitting on sidelines.