Under Biden and Trump, the U.S. has broken from its long-standing free trade policy. CFR trade experts assess whether the rules-based trading system is worth saving.

Biden’s trade agenda is trying to tackle climate change, domestic jobs, and great power competition, but trade-offs are inevitable. A clear vision on priorities is essential. 

The dam holding back chaos in U.S. foreign policy is cracking.

Many economies in the Americas already have bilateral free trade agreements with Washington, offering a stronger base for nearshoring, deeper integration and higher standards.

New U.S. sanctions are in some ways more restrictive than Cold-War era controls.

An era of inclusive U.S. economic policy is over, sparking anxiety around the world.