The business of international trade has become extremely complicated. Due to Covid-19, global supply chain disruptions have become commonplace, especially in China. And even when the risks associated with the pandemic end, the risks associated with supply chains won't.

To protect America's way of life and standard of living, the Biden administration must take two critical steps. First, it should implement legislation designed to improve American free-market capitalism and strengthen the middle class. If not done soon, a political shift to the left is more likely later. And secondly, the administration must choose international engagement over isolation. Surprising to many, these decisions are connected.

Recent trade battles with China, Mexico, Canada, and Europe have reduced trade flows. Now, with the outbreak of COVID-19 severely impacting international commerce, many argue that globalization will soon be dead. Globalization is not dying. Rather, it’s evolving, and existing trends are accelerating. American companies and workers would be wise to prepare for what’s ahead.

President Trump’s intention to persuade China to play by long-established international trade rules is commendable. But focusing on the U.S. trade deficit with China, and imposing tariffs to eliminate it, has proven ineffective. Now, the coronavirus has given Trump an opportunity to shelve that failed strategy and immediately eliminate tariffs on Chinese imports. This shot in the arm will likely be reciprocated by China, stimulate our economies, and give Trump the opportunity to chart a better course. Let me explain.