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Normalizing Foreign Trade Relations

Normalizing Foreign Trade Relations

 The Biden admin has not yet made moves to undo elements of Trump’s trade war, and some parts of it may not get undone, perhaps especially some directed at China.  But at least one move towards normalization with the rest of the world has just happened as the Biden admin has agreed to let the individual nominated to lead the World Trade Organization (WTO) take office. This is Ngosi Okunjo-Iweala, not only a woman, but a former Finance Minister from Nigeria.  She had previously been blocked by the Trump admin, with Trade rep Robert Lighthizer claiming she had “no experience in trade relatrions at all.” The Trumpers supported a former South Korean trade minister who negotiated a trade agreement with the US in 2018, but others did not do so.  The Trump admin had also blocked appointments of new judges to adjudicate trade disputes at the WTO, a more general move to essentially declare the WTO to be useless and no good in pursuit of an “America First” policy.

As it is, Okunjo-Iweala has a PhD in economics from MIT and long experience in negotiating several trade agreements along with having had a record of combating corruption in Nigeria as Finance Minister.  Aside from obvious possible sexism and racism in opposing her, according to the WaPo story on this the real reason for Lighthizer’s opposition to her was based on her supposedly being too close to former US Trade rep Robert Zoellick of the Obama admin, a pretty petty reason in the end.