When he assumes the presidency in January, Joe Biden will have to contend with a global economy that is fundamentally different than the one he left when his second vice-presidential term ended in 2017. While Biden was away from the White House, President Trump instigated a bitter trade war with China that has redefined huge swaths of the global economy. He pulled the United States out of the North American Free Trade Agreement, replacing it with the United States-Mexico-Canada Agreement, which took effect earlier this year. He rattled investors by threatening to terminate NAFTA entirely—without a replacement lined ... (full story)