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Este blog trata basicamente de ideias, se possível inteligentes, para pessoas inteligentes. Ele também se ocupa de ideias aplicadas à política, em especial à política econômica. Ele constitui uma tentativa de manter um pensamento crítico e independente sobre livros, sobre questões culturais em geral, focando numa discussão bem informada sobre temas de relações internacionais e de política externa do Brasil. Para meus livros e ensaios ver o website: www.pralmeida.org. Para a maior parte de meus textos, ver minha página na plataforma Academia.edu, link: https://itamaraty.academia.edu/PauloRobertodeAlmeida;

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terça-feira, 6 de outubro de 2020

Aos que acham que o sistema multilateral de comércio estará melhor com Biden - Edward Alden (Foreign Policy)

 Pois é, nem em relação à China, ou à OMC, a situação deve melhorar muito sob a nova administração Democrata. 

Eu não espero grandes melhorias em comércio ou relações com a China com Biden.

Paulo Roberto de Almeida 


No, Biden Will Not End Trade Wars

Biden has matched Trump’s rhetoric on trade soundbite for soundbite, and his economic plans are likely to make trade conflicts worse.

Edward Alden

Foreign Policy, Washington DC – 4/10/2020


If Democratic candidate Joe Biden becomes president next January, mending U.S. trade relations won’t be anywhere near the top of his to-do list. He has stated unequivocally that he would not enter into any new trade agreements “until we’ve made major investments here at home, in our workers and our communities.” Don’t expect a Biden-led United States to join the Trans-Pacific Partnership in Asia, restart talks on a new agreement with the European Union, or pursue trade deals elsewhere anytime soon—if ever.

But for the rest of the world, four years of being pummeled with tariffs and sanctions by President Donald Trump make better trade relations a priority. How deftly Biden handles that tug of war will determine whether the United States regains some of its tattered leadership over the international economic order—or stands by while the world further deteriorates into tit-for-tat trade wars.

From a U.S. domestic perspective, Biden’s priorities are certainly right. Lack of investment in workforce retraining, access to education, and critical infrastructure—as well as a tax code that favors shedding workers—goes a long way to explaining why Americans soured on trade. Former President Barack Obama, after running as a trade skeptic in 2008, fell in line with his predecessors in pursuing an ambitious agenda to expand trade, especially with Asia, despite growing evidence that imports from China were destroying U.S. manufacturing jobs.Discontent over trade helped Trump win the 2016 election in critical industrial states like Michigan, Wisconsin, and Pennsylvania. This year, the Democrats are determined not to make the same mistake. Biden’s plan to “build back better” plainly states that “the goal of every decision about trade must be to build the American middle class, create jobs, raise wages, and strengthen communities.”

These are exactly the kinds of protectionist practices that past trade agreements have sought to contain.

But the world cannot afford to wait for the many months—or years—that it would take the new administration to roll out its domestic policies, and the additional years for them to show effects. After four years of Trump, the international trade system is collapsing. A short list of the urgent priorities include fixing a broken World Trade Organization (WTO), building a stronger alliance to confront China economically, and resolving growing differences with Europe over taxation of and privacy regulations for digital companies, and avoiding a spiral of new trade conflicts over the use of border taxes to punish carbon-hungry industries. A Biden administration cannot just plead with the rest of the world to stand still while the United States gets its domestic house in order.

If anything, Biden’s plans would likely make trade conflicts worse—at least in the short run. That’s because his showcase economic proposals include preferential treatment for U.S.-made goods, a long list of subsidies to domestic industries, and a ban on foreign companies from government procurement. These are exactly the kinds of protectionist practices that past trade agreements have sought to contain because they wall off home markets from foreign competition, are widely abused by governments and corporations, and often lead to a spiral of retaliation by other countries.

For example, Biden wants a $400 billion “Buy American” scheme focused on U.S.-made infrastructure and clean energy technology. That would cut out many highly competitive European and Asian suppliers. Polls suggest this is extremely popular: A new survey by Trade Vistas found that 75 percent of Americans support Buy American policies, with 40 percent believing they would create “a large number of jobs.” Biden has been unequivocal in pledging that the government “will not purchase anything that is not made in America.” To that end, he has promised to close loopholes in the Depression-era Buy American Act, which he says result in “tens of billions of dollars each year going to support foreign jobs and bolster foreign industries.” What Biden calls loopholes, however, include long-standing commitments made by the United States and other countries under WTO rules, as well as U.S. obligations under trade agreements with Canada, Mexico, Korea, Australia, and many other nations.

Biden is also offering a cascade of government subsidies to industry, shattering what little is left of international commitments under the WTO and various trade deals to restrain such supports. The Biden plan calls for showering U.S. corporations with federal support to repatriate critical supply chains in sectors such as medical equipment, semiconductors, and communications technology—an issue on which there is little daylight between Democrats and Republicans. A bipartisan bill in the U.S. Senate calls for $25 billion in government aid to bring semiconductor manufacturing back to the United States. All this promises an escalating subsidies war, not just with China but with close U.S. allies as well.

Finally, Biden is promising little respite in the trade war with China, which has caught many U.S. trading partners in the middle. Trump might have hoped to use the election campaign to paint Biden as soft on China, but Biden has matched him soundbite for soundbite, calling out China for its “assault on American creativity” through intellectual property theft, cyberattacks, and unfair subsidies. In addition to calling for tougher trade enforcement, Democratic U.S. Senators unveiled a $350 billion spending plan last month “to confront the clear and present threat China poses to our economic prosperity and national security.” Such proposals are the Democrats’ own version of “America first,” marrying Trump’s hard line on China with a longstanding Democratic wish list of domestic economic programs—mainly subsidies to favored sectors, companies, and initiatives.

Some might still be under the illusion that a Biden-led United States would go back to being its old self on trade—the mostly benevolent hegemon dedicated to preserving and expanding the rules-based trading order, even when that sometimes led to economic harm to certain U.S. industries and workers. But they are coming around to realizing there is no going back to a pre-Trump era of free trade. And after four years of Trump, U.S. allies are likely to be willing to give a Democratic administration some room to deal with domestic challenges.

Europeans, Canadians, Australians, and other allies are likely to be patient in order to avoid having to choose between trading with China and trading with the United States, especially given how little China has done to win new friends. On the contrary: Beijing has engaged in what the Financial Times journalist Jamil Anderlini calls punishment diplomacy, using economic weapons to bully countries that dare to criticize the President Xi Jinping government over human rights, Hong Kong, or the coronavirus. 

 

Para acessar íntegra:

https://foreignpolicy.com/2020/10/02/biden-trump-trade-wars-election-2020/


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