Joe Biden speaks a day after the Americans voted for the U.S. presidential election on November 4, 2020, in Wilmington, Delaware.
Drew Angerer Getty Images
U.S. President-elect Joe Biden told a New York Times commentator that he would not immediately remove the increased tariffs imposed by the Trump administration on China.
Instead, Biden wants to review the existing US-China agreement for the first time and develop a “coherent strategy” with traditional allies in Europe and Asia, Thomas Friedman wrote after an hour-long telephone conversation with the president-elect.
“I think the best Chinese strategy is to find each of our allies – or at least what it used to be – on the same page. In the opening weeks of my presidency, it will be a top priority for me to try to get us back on the same page with our allies,” Biden said. , which Friedman reported on Wednesday.
Beijing would not welcome the United States, which is building a coalition against China, the reporter wrote.
U.S.-China relations have deteriorated under President Donald Trump. The two countries – the world’s two most important economies – have been embroiled in battle over trade and technology in recent years, threatening to derail the world economy.
Their tariff fighting came to a halt when both sides signed a “first phase” trade agreement in January. This temporarily eliminated the risk of further tariff increases, but left the earlier increase in trade duties.
Biden told Friedman that the top priority will be to adopt another fiscal stimulus package – in line with expectations of him to focus on domestic issues first. But the president-elect also said he wanted to build a bipartisan consensus at home as an opportunity to build “leverage” over China, according to the NYT opinion article.
“I want to make sure we’re going to fight the hell out of investing in America first,” Biden quoted research in energy, biotechnology, advanced materials, and artificial intelligence as areas that could benefit from more public investment.
“I will not sign a new trade agreement with anyone until we have invested heavily in our homes and workers,” and in education, he added.
You can read about Biden’s plans for his upcoming presidency in an article in the New York Times.