The World Trade Organization (WTO) is an intergovernmental organization that regulates and facilitates international trade. With effective cooperation in the United Nations System, governments use the organization to establish, revise, and enforce the rules that govern international trade. It officially commenced operations on 1 January 1995, pursuant to the 1994 Marrakesh Agreement, thus replacing the General Agreement on Tariffs and Trade (GATT) that had been established in 1948. The WTO is the world's largest international economic organization, with 164 member states representing over 98% of global trade and global GDP.
The Office of the United States Trade Representative (USTR) is an agency of the United States federal government responsible for developing and promoting American trade policy. Part of the Executive Office of the President, it is headed by the U.S. Trade Representative, a Cabinet-level position that serves as the U.S. President's primary advisor, negotiator, and spokesperson on trade matters. USTR has more than two hundred employees, with offices in Geneva, Switzerland, and Brussels, Belgium.
James Bradford "Brad" DeLong is an economic historian who is a professor of economics at the University of California, Berkeley. DeLong served as Deputy Assistant Secretary of the U.S. Department of the Treasury in the Clinton Administration under Lawrence Summers.
Relations between the European Union and the United States began in 1953, when US diplomats visited the European Coal and Steel Community in addition to the national governments of its six founding countries. The two parties share a good relationship which is strengthened by NATO, cooperation on trade, and shared values.
Heather Marie Boushey is an American economist. Boushey currently serves as a member of President Joe Biden's Council of Economic Advisers. She previously was the president and CEO of the Washington Center for Equitable Growth. She has also worked as an economist at the Center for American Progress and the United States Congress Joint Economic Committee.
The Democratic Party of the United States is a big tent party composed of various factions. The four most prominent modern factions are the liberals, moderates, progressives, and conservatives. The liberal faction supports modern liberalism that began with the New Deal in the 1930s and the Great Society in the 1960s. The moderate faction supports Third Way politics that includes center-left social policies and centrist fiscal policies. The progressive faction supports social democracy, left-wing populism, and social liberalism. The conservative faction supports centre-right policies, though it lost much of its influence in the 21st century as the South trended towards the Republican Party.
Joe Biden, President of the United States, served as Vice President from 2009 to 2017 and in the United States Senate from 1973 until 2009. A member of the Democratic Party, he made his second presidential run in 2008, later being announced as Democratic presidential nominee Barack Obama's running mate in 2008. He was elected Vice President in 2008 and re-elected in 2012. In April 2019, Biden announced his 2020 presidential campaign. He became the presumptive Democratic nominee in April 2020, was formally nominated by the Democratic Party in August 2020, and defeated Republican incumbent Donald Trump in the November 2020 election.
Brad W. Setser is an American economist. He is a former staff economist at the United States Department of the Treasury, worked at Roubini Global Economics Monitor as Director of Global Research where he co-authored the book "Bailouts or Bail-ins?" with Nouriel Roubini, as a fellow for international economics at the Council on Foreign Relations, for the United States National Economic Council as Director of International Economics, for the United States Department of the Treasury, and as Deputy Assistant Secretary for International Economic Analysis as senior fellow for international economics at the Council on Foreign Relations.
The Institute for Agriculture and Trade Policy (IATP) is an international non-profit research and advocacy organization that promotes sustainable food, farm, and trade systems. IATP has offices in Minneapolis, Minnesota, Washington, D.C., Geneva, Switzerland and Berlin, Germany.
Thomas Edward Donilon is an American lawyer, business executive, and former government official who served as the 22nd National Security Advisor in the Obama administration from 2010 to 2013. Donilon also worked in the Carter and Clinton administrations, including as Chief of Staff of the U.S. State Department. He is now Chairman of the BlackRock Investment Institute, the firm's global think tank.
Jared Bernstein is an American economist. He is a senior fellow at the Center on Budget and Policy Priorities. From 2009 to 2011, Bernstein was the chief economist and economic adviser to Vice President Joe Biden in the Obama Administration. In 2008, Michael D. Shear described Bernstein as a progressive and "a strong advocate for workers". Bernstein is currently a Member of the Council of Economic Advisers in the Biden administration.
Brian Christopher Deese is an American economic and political advisor who was the 13th Director of the National Economic Council, serving under President Joe Biden. In February 2023, it was reported that Deese would depart from the Biden administration.
Simon H. Johnson is a British American economist. He is the Ronald A. Kurtz Professor of Entrepreneurship at the MIT Sloan School of Management and a senior fellow at the Peterson Institute for International Economics. He has held a wide variety of academic and policy-related positions, including professor of economics at Duke University's Fuqua School of Business. From March 2007 through the end of August 2008, he was Chief Economist of the International Monetary Fund.
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. President Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. The Trump administration stated that these practices may contribute to the U.S.–China trade deficit, and that the Chinese government requires transfer of American technology to China. In response to US trade measures, the Chinese government accused the Trump administration of engaging in nationalist protectionism and took retaliatory action. After the trade war escalated through 2019, in January 2020 the two sides reached a tense phase one agreement; it expired in December 2021 with China failing by a wide margin to reach its targets for U.S. imports to China. By the end of the Trump presidency, the trade war was widely characterized as a failure for the United States. His successor, Joe Biden, has kept tariffs in place.
Jesús Seade Kuri is an economist, diplomat and politician with a long history of trade negotiations and management of international financial crises. He is, since December 1, 2018, Undersecretary for North America in Mexico’s Ministry of Foreign Affairs (SRE). On June 8, 2020, Dr. Seade was officially nominated by the Mexican government for General Director of the World Trade Organization (WTO).
The United Kingdom–United States Free Trade Agreement (UKUSFTA) is a proposed free trade agreement between the United Kingdom and the United States. It was under negotiation as of 2020.
The presidential transition of Joe Biden began on November 7, 2020 and ended on January 20, 2021. Unlike previous presidential transitions, which normally take place during the roughly 10-week period between the election in the first week of November and the inauguration on January 20, Biden's presidential transition was shortened somewhat because the General Services Administration under the outgoing Trump administration did not recognize Biden as the "apparent winner" until November 23.
The first 100 days of Joe Biden's presidency began on January 20, 2021, the day Joe Biden was inaugurated as the 46th president of the United States. The first 100 days of a presidential term took on symbolic significance during Franklin D. Roosevelt's first term in office, and the period is considered a benchmark to measure the early success of a president. The 100th day of his presidency ended at noon on April 30, 2021.
International relations since 1989 covers the main trends in world affairs in the post–Cold War era.
The Indo-Pacific Economic Framework for Prosperity (IPEF) is an economic initiative launched by President of the United States Joe Biden on May 23, 2022. The framework launched with a total of fourteen participating founding member nations in the Indo-Pacific region with an open invitation for other countries to join.
