By Yen Nee Lee and Spencer Kimball
President-elect Joe Biden will not immediately remove tariffs imposed by President Donald Trump on China, a legacy of the outgoing administration’s trade war, as he moves to develop a strategy with U.S. allies on how to best deal with Beijing, according to The New York Times.
“I’m not going to make any immediate moves, and the same applies to the tariffs. I’m not going to prejudice my options,” Biden told columnist Thomas Friedman in an interview that touched on the incoming president’s domestic and foreign policy priorities.
Biden said he first wants to conduct a full review of the “phase one” trade deal that the Trump administration reached with China, according to The Times.
The deal effectively declared a truce in the trade war launched by outgoing President Trump, who sought to force Beijing to change its trade and industrial practices by imposing escalating rounds of tariffs.