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Joe Biden to work with allies to stop China’s ‘economic abuses’
- Pledging ‘an approach of patience’, White House press secretary says Biden will evaluate the tariffs currently in place
- Deliberations over the ban on investment in companies including China Mobile are being undertaken by the State and Treasury departments, says the spokeswoman
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US President Joe Biden’s administration has started a review of his predecessor’s trade war with China and other actions taken against Beijing, and will work with allies to stop the country’s “economic abuses on many fronts”.
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Pledging “an approach of patience”, White House press secretary Jen Psaki said on Monday that Biden “will take a multilateral approach to engaging with China, and that includes evaluating the tariffs currently in place, and he wants to ensure that we take any steps in coordination with our allies and partners, and with Democrats and Republicans in Congress”.
The trade war that former president Donald Trump started with China in 2018 stopped escalating a year ago, when he and Chinese Vice-Premier Liu He signed a phase one agreement that committed Beijing to specific targets for the country’s purchases of US goods and services.
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Biden’s intentions with respect to the punitive tariffs has become a key focus on the US-China front as an indication of how the new leadership in Washington will handle the bilateral relationship.
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Biden to approach US-China relations with ‘patience’, says White House
Biden to approach US-China relations with ‘patience’, says White House
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