Abstract: The Biden administration's economic policies focus on responding to the COVID-19 pandemic and promoting economic recovery, defending the leading role of the United States, and employing the Green New Deal to address climate change. In making policies, the administration takes the US macroeconomic trend, internal and external imbalance, and the hegemony of the US dollar as the important basis. President Biden, from the Establishment, has focused on restoring US leadership in the global trading system and tried to re-dominate the global governance system; the administration has attempted to build a new trade regime to protect American labor interests, repair the excesses trade policy of the previous administration, and strive to promote alliance cooperation. The trade policies continue to serve the security of American supply chain, but the tendency of politicization is increasing; America's trade policies towards China, as it regards China as the biggest opponent, are dominated by politicization and “national security”. China, in such a context, should be well aware that the China-US game is, and has always been a long-term and severe issue, strive to expand the complementary fields of China-US economy and trade, hedge the external impact of the United States by promoting China's reform and opening up, and speed up the construction of the new development paradigm featuring dual circulation.

Key words: the Biden Harris Administration, the COVID-19 pandemic, trade policy, alliance cooperation, re-industrialization