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Nathan Sheets

Biden’s foreign policy still a work in progress

The US’s rocky summit in Alaska with China grabbed the headlines but the emerging challenges seem more deeply rooted.

Nathan SheetsContributor

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One of the first things that incoming United States administrations tend to learn is the difference between campaigning and governing. Candidates spin out proposals and position papers, but once in power, implementing even a fraction of them becomes a near Herculean task.

Of course, given Joe Biden’s long career in Washington, including eight years as vice-president, this hardly comes as a surprise to him. Moreover, his first major legislative initiative in the form of a large fiscal package sailed through Congress in record time.

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Nathan Sheets is chief economist and head of global macroeconomic research at PGIM Fixed Income.

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    Original URL: https://www.afr.com/wealth/personal-finance/biden-s-foreign-policy-still-a-work-in-progress-20210328-p57eq1