Tai: Rethink globalization, but don’t ‘devolve’ into protectionism

The pandemic has presented an opportunity for the world to rethink globalization and forge a “better” trading system, but countries should avoid “devolving” into fighting and protectionism, U.S. Trade Representative Katherine Tai said on Thursday, adding that the goal is not to return to the so-called normalcy of 2019, but to build something different. The Biden administration’s “build back better” mantra has been adopted globally in addressing the significant problems facing the international community – for trade, that includes the...