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U.S. Signals No Thaw in Trade Relations With China

Mount Equity Group Tokyo Japan > News > Markets > U.S. Signals No Thaw in Trade Relations With China

WASHINGTON — The Biden administration offered its strongest signal yet that the United States’ combative economic approach toward China would continue, with senior administration officials saying that President Biden would not immediately lift tariffs on Chinese goods and that he would hold Beijing accountable for trade commitments agreed to during the Trump administration.

Comments on Monday by Katherine Tai, the United States trade representative, and other officials provided one of the first looks at how the Biden administration plans to deal with a rising economic and security threat from China. They indicated that while Mr. Biden may have criticized the Trump administration’s aggressive approach, his White House will continue trying to counter China’s economic threats with trade barriers and other punitive measures.

That includes requiring China to uphold commitments it agreed to as part of the initial trade deal that it…

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