President Joe Biden took office with an ambitious U.S. foreign policy agenda summed up by his favorite campaign tagline: “America is back.” In principle, Biden’s agenda is rooted in a repudiation of Trump’s “America First” legacy and the restoration of the multilateral order. But in practice, some of Biden’s priorities bear a close resemblance to Trump’s agenda. Biden may find it difficult to fully restore a pre-Trump status quo. Nevertheless, as the war in Ukraine and the crisis leading up to it highlight, there is still high demand for decisive U.S. leadership in times of crisis.