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Biden does not plan to immediately remove Phase 1 trade agreement with China

Biden does not plan to immediately remove Phase 1 trade agreement with China

According to the NYT, Joe Biden will not immediately cancel the Phase 1 trade agreement that President Trump struck with China nor take steps to remove tariffs on Chinese exports. Biden said he would pursue policies targeting China’s ’abusive practices,’ such as ’stealing intellectual property, dumping products, illegal subsidies to corporations.’

Kathy
Kathy
Jody A. von Wahl
Jody A. von Wahl 1 months

The phase 1 agreement was a nothing burger. It basically differed all substantive issues to phase 2, so there is not to undo. Beijing Biden will, however, revive the TPP, so his tough talk about china is just him being a paper tiger.

Glen
Glen 1 months

It all depends how much Hunter receives under the table! Biden politics.

IvoryDove
IvoryDove 1 months

"I'm tough on China!" to be followed by "We have a huge trade deal with China!"

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