Welles Orr Comments on Biden Trade Priorities in ICAEW
"A New U.S. President – What to Expect"
The Institute of Chartered Accountants in England and Wales
Welles Orr commented on President-elect Joe Biden's likely trade priorities. While a Republican majority in the Senate might hinder some of Biden's campaign initiatives, Orr said that "a Republican-controlled Senate would go along with most of Biden's trade priorities." He stated that "a major infrastructure bill along the lines of [Biden's] Buy and Build Back Better America plan," is an area that would receive bipartisan support saying that "Biden's likely immediate focus will be on U.S. manufacturing jobs affected by globalisation and technology automation." Regarding China, Orr said "Biden will get our allies in Europe, Canada, and Mexico to apply pressure...to make clear to China that he will stick to a multilateral approach in engaging countries in the Indo-Pacific region."