Joe Biden says US won’t lift Trump tariffs on China because ‘timing is uncertain’

On January 19, US President Joe Biden refused to lift tariffs on Chinese imports imposed by his predecessor, former President Donald Trump, saying he wanted Beijing to meet the commitments of the phase one agreement. which the two countries had signed two years ago. Washington may consider lifting at least some of the tariffs on hundreds of billions of dollars worth of Chinese goods, but at this time, Biden said, that decision remains uncertain.

The timing is “uncertain”

At a press conference on the one-year anniversary of his inauguration, Biden was asked if it was time to lift some of the tariffs on China, as American businesses have repeatedly demanded. The US president replied that his administration was working on the issue with China but that the timing was “uncertain”.

“We’re not there yet,” the US leader said when asked about the prospect of ending Trump-era tariffs. Experts say the former Republican leader’s new rights to $370 billion worth of Chinese components, semiconductors, machinery and industrial materials have proven damaging to the competitiveness of US industry. Beijing, meanwhile, had also hit the United States with retaliatory tariffs on more than $100 billion in exports.

The trade war between the United States and China had hampered global economic output for the year 2020-2021 and American companies have complained that tariffs are increasing costs on key products, driving inflation and importers are seriously affected. Aluminum, electric lighting, furniture, semiconductor and steel factories benefited the most from tariff protections.

“I wish I could be in a position where I can say they deliver on commitments, more than commitments, to be able to lift something, but we’re not there yet,” Biden said during a White Chamber press conference. He pointed out that China had been unable to deliver on its promises under the “Phase 1” trade deal signed two years ago between Chinese leader Xi Jinping and Donald Trump and implemented the 14th Feb, 2020. Biden trade negotiator Katherine Tai resisted pressure from corporate America to lift Trump-era tariffs, but said the administration was working on the issue with China.

The United States recently imposed sanctions on Chinese biotech companies

The Biden administration has imposed new sanctions on Chinese companies in a major shock to China and its alleged human rights abuses against Uyghurs and other Muslim groups. According to the Joe Biden administration, several Chinese biotech and surveillance companies and government entities buy equipment from US-based companies and then use it against minority communities in China. According to the United States Department of Commerce, it will prevent American companies from selling equipment to unlicensed entities. The Commerce Department said the sanctions will affect the Chinese Academy of Military Medical Sciences and its 11 research institutes that use cutting-edge biotechnology to suppress minorities. According to the department, these research institutes supply equipment to the Chinese military.

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