mandag 4. januar 2021

China-US trade war: Biden team seeks to work out economic differences with EU and then pressure Beijing

The United States will seek to end the trade war with European allies and work with them to deal with China trade practices, a key official in the upcoming administration of Joe Biden said following the
conclusion of a major investment deal between Beijing and the European Union.

Jake Sullivan, the national security adviser to Biden, told CNN on Sunday that the new administration in Washington would work out the economic differences between the US and its European allies to improve their relations. In January 2018, the Trump administration imposed tariffs on solar panels and washing machines of 30 to 50 per cent. In March 2018 he imposed tariffs on steel (25 per cent) and aluminium (10 per cent) from most countries, which covered an estimated 4.1 per cent of US imports.