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Global trade will play a key role in economic recovery efforts in the United States and around the world. Business supply chains continue to be affected by the implementation of the updated free trade agreements in Canada and Mexico. The Biden administration is expected to continue negotiating separate free trade agreements with the European Union and the United Kingdom, as well as pursuing new trade agreements with other nations. Meanwhile, US-China trade policy is one area in which there may be some continuity from the Trump to the Biden administration.

This Insight describes key trade and policy developments and analyzes how these topics affect US inbound companies.