The Administration’s top trade official is calling for a fresh approach. U.S. Trade Ambassador Katherine Tai went to Twitter Friday, saying traditional free trade agreements has significant costs, including fragile supply chains and a concentration of wealth. Tai went on to say this has led many people to take a hostile view of trade and globalization. Due to economic insecurity, COVID and Russia’s invasion of Ukraine, Tai said the Biden Administration is “re-examining” its approach to trade.
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