The president-elect’s advisory picks have grown circumspect about pitfalls Trump highlighted. “The challenge for the Biden administration is to carve out a third way.”

Don’t expect the incoming Biden administration to make a hard push back to globalization. Biden’s economic team agrees with Trump’s diagnosis that many American workers were hurt by foreign trade deals.

The president-elect’s advisory picks have grown circumspect about pitfalls Trump highlighted. “The challenge for the Biden administration is to carve out a third way.”

Dec. 1, 2020 4:22 pm ETJoe Biden’s economic team is taking shape with plans to remake the Trump administration’s approach to economic relations overseas, with a distinction: agreement with President Trump’s assertion that globalization has been hard on many Americans but differences on how to address it.

The distinction shows Mr. Trump likely will have a lasting impact on the direction of U.S. economic policy, even though the incoming administration is trying to alter important parts of it.

Full article at https://www.wsj.com/articles/biden-economic-team-trade-trump-globalization-11606848311