Biden’s hands may be tied on Trump’s China tariffs, trade experts say

Biden’s hands may be tied on Trump’s China tariffs, trade experts say

PUBLISHED TUE, SEP 8 20209:30 AM EDT

Reuters

KEY POINTS

  • Joe Biden may keep Trump administration tariffs in place if elected president in November.
  • Biden is backed by labor unions who want job protections and infrastructure spending, and progressives who want action on climate change, lower drug prices and human rights.
  • He also faces demands from farmers and U.S. corporations eager for tariff cuts and a less disruptive China trade relationship.
  • The conflicting interests adds up to a wait-and-see approach that could keep many of the tariffs Biden would inherit from Trump in place for years, say former and current advisers, lobbyists and trade analysts.
U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015.

U.S. Vice President Joe Biden delivers remarks at the Strategic and Economic Dialogue (S&ED) at the State Department in Washington, U.S. June 23, 2015.Yuri Gripas | Reuters

“Damaging,” “reckless” and “disastrous” are some of the words Joe Biden has used to describe tariffs imposed by Donald Trump on allies and rivals alike. He may keep some in place anyway if he is elected president of the United States in November.

Republicans largely abandoned traditional party goals such as unfettered trade and balanced budgets to embrace Trump’s “America First” agenda

Social media & sharing icons powered by UltimatelySocial
error

Enjoy this blog? Please spread the word :)

RSS
Follow by Email
LinkedIn
LinkedIn
Share
Scroll to Top