Biden Will ‘Walk, Not Run’ on Trade Deals as Sino-U.S. Tension Lingers



Divya Chowdhury | U.S. News & World Report | Reuters

(Reuters) – Sino-U.S. ties will stay tense as U.S. President Joe Biden is unlikely to rush into new deals with the world’s second largest economy or reduce tariffs on China, even if he is willing to re-engage with multilateral trade, economists and strategists said.

Following former president Donald Trump’s “America First” stance, the Biden administration has a “Buy American” policy for federal procurement.

That means continued tensions, Rashmi Banga, senior economist at the United Nations Conference on Trade and Development, told the Reuters Global Market Forum.

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