Biden may tone down war of words with China, but Trump tariffs not going away soon
November 11, 2020
The end of a major trade war between the U.S. and China, launched in 2018 by President Donald Trump, is not coming soon, even if his time in the White House is.
President-elect Joe Biden is widely expected to improve diplomatic ties with China and tone down the harsh rhetoric used by Trump and his top aides. Yet he’s unlikely to erase U.S. tariffs on $370 billion in Chinese goods early in his presidency, trade experts and international economists say.
Instead, he’s bound to use the tariffs as a bargaining tool to win concessions from China on trade disputes and other contentious issues.
To Read More: https://www.marketwatch.com/story/biden-may-tone-down-war-of-words-with-china-but-trump-tariffs-not-going-away-soon-11605132400
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