Since succeeding Donald Trump, Joe Biden has sought to repair the damage Trump did to a wide range of traditional U.S. foreign policy objectives, particularly when it came to reassuring U.S. allies and partners around the world. But Biden has left one thing he inherited form Trump relatively untouched: trade policy.
Over the past year, numerous countries, led by the U.S. and EU, have leveled an unprecedented package of economic sanctions on Russia. These sanctions are both comprehensive, targeting the Russian economy in general, and specific, aimed at key Russian oligarchs who support Putin. Now, a natural question arises: Are they working?
Since the start of the war in Ukraine, some analysts have warned that supporting Kyiv militarily would undermine Washington’s ability to counter China. In fact, the reverse is true. The increasingly hawkish U.S. posture toward China is more likely to undermine assistance to Ukraine as well as U.S. alliances in Europe and Asia.
