Tags: China | Joe Biden | biden | china | tariffs | trump

Biden: I Won't Immediately Lift China Tariffs

Biden: I Won't Immediately Lift China Tariffs
(Skypixel/Dreamstime)

Wednesday, 02 December 2020 10:40 AM

Joe Biden says he won’t immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump’s initial trade deal.

Biden says he wants to maximize his leverage in future talks with the United States' geopolitical rival.

Speaking to New York Times columnist Thomas Friedman, Biden said, “I’m not going to make any immediate moves, and the same applies to the tariffs.” Biden adds in Friedman's column published Wednesday: “I’m not going to prejudice my options.”

Under Trump, the U.S. and China engaged in a yearlong trade war that has been largely frozen since a Phase One deal was reached in January. While some industries have benefited from Trump’s protectionist policies, the policies have been largely panned by the business community and most experts — and most of the cost of tariffs has been borne by American businesses and consumers.

Biden tells Friedman an early priority after his January swearing-in will be to restore relationships with allies to strengthen his negotiating position with China. Biden says key to talks with China is “leverage” and in his view "we don’t have it yet.”

(Many media outlets called the presidential election for Biden, who would take office Jan. 20. Trump is challenging the election results, alleging widespread fraud, and has not conceded.)

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


   
1Like our page
2Share
StreetTalk
Joe Biden says he won't immediately lift tariffs placed by President Donald Trump on many imports from China or break Trump's initial trade deal.
biden, china, tariffs, trump
214
2020-40-02
Wednesday, 02 December 2020 10:40 AM
Newsmax Media, Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved