In a recent speech, U.S. Trade Representative Katherine Tai commented on the “inflection point” of the international trading system, asserting that “we’re done with the status quo…” For those paying attention, her statement came as no surprise. Ambassador Tai has repeatedly said that the U.S. is reforming its trade policy to make it more “worker-centered,” “equitable” and “inclusive.” This approach can be understood as a focus on trade as a tool for achieving economic and national security, including in addressing geopolitical competition with China. This new approach to U.S. trade policy is being developed piecemeal, by the Biden administration and…