Tag: trade policy

US Senate Passes Bipartisan Shipping Bill to Ease Supply Chain Backlog

A bipartisan bill designed to alleviate the supply chain crisis and ease shipping backlogs was unanimously passed by the U.S. Senate by a voice vote on March 31, after approval in the Senate Commerce Committee last week. The Ocean Shipping Reform Act, co-sponsored by Sens John Thune (R-S.D.) and Amy Klobuchar (D-Minn.), will strengthen the…


Biden Faces Tough Challenges in Fixing World Trade System

WASHINGTON—Globalists await President Joe Biden’s reset on U.S. trade policy, but deep-seated problems and lack of consensus among allies will likely create a significant hurdle for the new administration in fixing the global trading system that has failed to contain non-market economies like China. Biden has promised to take a more multilateral approach in dealing…