Joe Biden speaks one day after Americans voted in the U.S. presidential election on Nov. 4, 2020 in Wilmington, Delaware.
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U.S. President-elect Joe Biden told a New York Times opinion columnist that he won’t immediately remove the elevated tariffs that the Trump administration imposed on China.
Instead, Biden intends to first review the existing U.S.-China agreement, and develop a “coherent strategy” with traditional allies in Europe and Asia, Thomas Friedman wrote following his hour-long phone call with the president-elect.
“The best China strategy, I think, is one which gets every one of our — or at least what used to be our — allies on the same page. It’s going to be a major priority for me in the opening weeks of my presidency to try to get us back on the same page with our allies,” said Biden, as reported by Friedman on Wednesday.
Beijing wouldn’t welcome a U.S. that gathers a coalition against China, the columnist wrote.
The best China strategy, I think, is one which gets every one of our — or at least what used to be our — allies on the same page.
Joe Biden
U.S. president-elect
U.S.-China relations deteriorated under President Donald Trump. The two countries — the world’s top two economies — got into fights over trade and technology in the last few years, which threatened to derail the global economy.
Their tariff fight came to a pause when both sides signed a “phase one” trade deal in January. That temporarily eliminated the threat of further tariff increases, but left earlier hikes in trade levies in place.
Biden told Friedman that his top priority will be passing another fiscal stimulus package — in line with expectations for him to first focus on tackling domestic issues. But the president-elect also said he’s looking to establish bipartisan consensus at home as a away to build “leverage” over China, according to the NYT opinion piece.
“I want to make sure we’re going to fight like hell by investing in America first,” Biden was quoted as saying, citing research in energy, biotech, advanced materials and artificial intelligence as areas that could use more government investment.
“I’m not going to enter any new trade agreement with anybody until we have made major investments here at home and in our workers” and in education, he added.
For more on Biden’s plans for his upcoming presidency, read the New York Times.
Source: CNBC