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RSS FeedsUnder Biden, China Faces Renewed Trade Pressure
(WorldNews Greece)


26 january 2021 16:32:31

Under Biden, China Faces Renewed Trade Pressure
(WorldNews Greece)

BEIJING — The U.S.-Chinese trade war isn't going away under President Joe Biden. Biden won't confront Beijing right away, economists say, because he wants to focus on the coronavirus and the economy. But he looks set to renew pressure over trade and technology grievances that prompted President Donald Trump to hike tariffs on Chinese imports in 2017. Negotiators might tone down Trump's focus on narrowing China's multibillion-dollar trade surplus with the United States and push harder to open its state-dominated economy, which matters more in the long run, economists say. But no abrupt tariff cuts or other big changes are expected. "I think Biden...

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