Biden says he won’t immediately remove Trump’s tariffs on China

President-elect Joe Biden will not immediately remove the Trump administration’s tariffs on Chinese exports, he said during an interview with The New York Times published early Wednesday morning.

Instead, Biden said upon assuming office he plans to review the phase one trade deal that President Trump inked with China nearly one year ago. The deal, signed at the beginning of January, requires China to purchase some $200 billion in additional U.S. goods over the course of two years – a commitment that Beijing is nowhere close to meeting.

“I’m not going to make any immediate moves, and the same applies to the tariffs,” Biden said. “I’m not going to prejudice my options.”

finance.yahoo.com/news/biden-says-wont-immediately-remove-153444665.html

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