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President Biden's international trade agenda: Implications for the Canadian agrifood sector

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  • Ryan Cardwell
  • William A. Kerr

Abstract

The 4 years of the Trump administration was marked by a number of events and policies that affected the Canadian agrifood sector. Changes to preferential trade agreements, the collapse of the World Trade Organization's dispute settlement framework, increased domestic support for US farmers, and diplomatic tensions between the United States and China all shaped international trade flows and created an environment of policy uncertainty. The Biden administration will change course on several important trade policy issues. We discuss how these changes could affect the Canadian agrifood sector along a number of dimensions, including a return to multilateralism, (re)engagement in preferential trade agreements, and movements toward a less combative and more predictable trade policy agenda. We expect Canadian agrifood trade flows under the Biden administration to exceed what they would have been under a second Trump administration. Les quatre années de l'administration Trump ont été marquées par un certain nombre d'événements et de politiques qui ont affecté le secteur agroalimentaire canadien. Les modifications des accords commerciaux préférentiels, l'effondrement de l'organe de règlement des différends de l'Organisation mondiale du commerce, l'accroissement du soutien interne aux agriculteurs américains et les tensions diplomatiques entre les États‐Unis et la Chine ont tous façonné les flux commerciaux internationaux et créé un environnement d'incertitude politique. L'administration Biden changera de cap sur plusieurs questions importantes de politique commerciale. Nous discutons de la façon dont ces changements pourraient affecter le secteur agroalimentaire canadien selon un certain nombre de dimensions, y compris un retour au multilatéralisme, un (ré) engagement dans des accords commerciaux préférentiels et des mouvements vers un programme de politique commerciale moins combatif et plus prévisible. Nous prévoyons que les flux commerciaux agroalimentaires canadiens sous l'administration Biden dépasseront ce qu'ils auraient été sous une deuxième administration Trump.

Suggested Citation

  • Ryan Cardwell & William A. Kerr, 2021. "President Biden's international trade agenda: Implications for the Canadian agrifood sector," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(1), pages 19-25, March.
    • Handle: RePEc:bla:canjag:v:69:y:2021:i:1:p:19-25
    DOI: 10.1111/cjag.12266
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    References listed on IDEAS

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    1. William A. Kerr, 2021. "Agriculture after a year with COVID‐19: Any long‐term implications for international trade policy?," Canadian Journal of Agricultural Economics/Revue canadienne d'agroeconomie, Canadian Agricultural Economics Society/Societe canadienne d'agroeconomie, vol. 69(2), pages 261-267, June.

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