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Like Trump, Democratic candidate Joe Biden, who will be the next president of the United States, places the highest priority on protecting American jobs and is likely to continue in his own interest. However, it is clear that the position to respect the world trade order is clear and the trade environment between Korea and the United States is expected to improve gradually. Reporter Lee Kwang-yeop. Democratic presidential candidate Biden emphasized the promise to bring home American companies with factories abroad. The plan is to increase the number of jobs by strengthening the national establishment of corporate supply chains through sound fiscal policies. Biden has a clear will to pursue a ‘worker-based trade policy’ but is critical of Trump’s trade policy, which has abused trade relief measures such as anti-dumping. Biden is expected to take steps to mitigate the trade environment between Korea and the United States, as Biden is compliant with WTO regulations and prefers to expand the market through trade. However, the main variable is the position of the ‘New Cold War’, which sees China’s economic growth as a threat and will form a siege with allies to contain China. Therefore, it is feared that Biden, an expert in parliamentary diplomacy, will increase pressure on Korea to choose between the United States and China. After the new United States government took office, the fact that protective trade measures, such as compensatory tariffs, were routinely implemented in the job-intensive steel industry, could be another negative factor for the national industry. Furthermore, candidate Biden proposed a plan to impose a ‘carbon adjustment tax’ by 2025 to reduce greenhouse gas emissions, and there is the possibility of a new trade dispute with Korea. YTN Lee Kwang-yeop[[email protected]]it is.
