New Trade Agenda Members of Congress are upset that President Biden has followed his predecessor’s approach of largely bypassing the legislature when it comes to trade. To reassert their jurisdictional primacy on the topic, there is rare bilateral agreement to work on trade legislation that will mor explicitly define Executive Branch obligations on a wide range of topics from negotiating objectives to closing loopholes being exploited by China and others. At the same time, the pro-business New Democrat Coalition has created a trade task force that will look for ways to expand U.S. trade. The question is whether President Biden would veto instructions from Congress that could tie his hands on trade? Let Them Eat Pasta Meat consumpti...

TAGS – North America, Macroeconomics