Subscribe for notification
Categories: US News

Joe Biden Will Not Immediately Withdraw Tariffs Imposed On China By Donald Trump

Washington, DC – US President-elect Joe Biden will not immediately withdraw tariffs on many imports from China, decided by outgoing President Donald Trump, and will not break the initial trade agreement obtained by the latter’s administration. .

Biden argued that he wants to maximize his ability to maneuver in future talks with the geopolitical rival of the United States.

In an interview with Thomas Friedman, a New York Times columnist, Biden said: “I’m not going to make any immediate moves, and the same applies to tariffs.” Biden added: “I’m not going to prejudge my options.” Friedman’s column was published Wednesday.

During the Trump administration, the United States and China engaged in a year-long trade war that largely came to a halt since the two sides reached a phase one deal in January. While some industries and economic sectors have benefited from Trump’s protectionist policies, the business community and most experts have largely criticized the policies, as most of the cost of tariffs has been borne by businesses and buyers. Americans.

Biden told Friedman that one of the first priorities after taking office in January will be to restore relations with allied countries to strengthen his negotiating position against China. Biden says the key to the talks with China is “negotiating power” and, in his opinion, “we don’t have it yet.”

READ MORE NEWS

Tags: Politics

This website uses cookies.