The Future of Trade

International trade involves the exchange of goods and services between countries. These trade relations are dictated by the trade policies each country has set for itself. However, Biden’s priority is not based on the policies and no new trade deals are likely to happen. But as he is working to revive the U.S economy especially after a crisis caused by the pandemic, he has no choice but to use these trade policies as a tool in approaching foreign policies. He hopes to adopt a multilateral trade approach to build strong relations with partners across the world. He also hopes to work closely with stakeholders to confront china. The holistic approach will change the blurred international trade to a better foundation soon (Petsinger, 2021).  Withdrawal by the United Kingdom from the European Union is a factor that will affect the future of trade, especially in the US. (BBC, 2021). There is no doubt that after this exit, countries have to follow UK’s policies to trade with them which will greatly impact trade relations between them.

China’s Silk Road initiative seems to be ushering a new era into trade as it will contribute to the growth of economies in Asia and beyond. The initiative aims at expanding transport networks and streamline the regulations at the borders and create a perfect infrastructure for the ease of trade. However, some skeptics say that the initiative is a trap for those borrowing and many are against the plan (McBride & Chatzky, 2020). Whether people in some countries are against the plan, China is determined to continue with the plan. Indeed there is a lot of backlashes and this will affect the trade relations either negatively or positively depending on how countries receive the initiative. The reaction will most probably affect future international trade.

Don't use plagiarized sources. Get Your Custom Essay on
The Future of Trade
Just from $13/Page
Order Essay



BBC (2020). Brexit: What you need to know about the UK leaving the EU. Retrieved April 26, 2021, from,

Petsinger, M. S. (2021). Chatham House. Foreign policy priorities for the Biden administration. Retrieved April 26, 2021, from,

McBride, J. & Chatzky, A. (2020). China’s massive belt and road initiative. Council on foreign relations. Retrieved April 26, 2021, from,


Place Order
Grab A 14% Discount on This Paper
Pages (550 words)
Approximate price: -
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Try it now!

Grab A 14% Discount on This Paper

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.