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Sino-US ties will stay tense as US 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. She predicted the United States would not change its policies in the ongoing tech rivalry with China, which has a large global footprint in digital technology and services.
WASHINGTON (AP) In his first weeks in office, President Joe Biden has wasted no time in dumping a batch of major Trump administration policies. He rejoined the Paris climate agreement. He ended.
Home The EU is an uncertain trade ally for Biden
The EU is an uncertain trade ally for Biden
There are plenty of tricky transatlantic issues that could derail co-operation
World Economy News
4 Feb 2021 • 6 min read
Hello from Brussels. The vaccine export restrictions barney is dying down a bit, but there’s still quite a bit of political debris lying around. Also, apparently, a need in some quarters of the EU to denigrate the UK’s impressive vaccination programme, which seems risky given the amount of anti-vaxx sentiment already about.
Today’s Tall Tales looks at how the EU-UK stand-off over the weekend has spawned more disingenuous Brexit-related claims over Northern Ireland. The main piece will help you while away the time waiting for Joe Biden to reveal his hand on trade policy by discussing whether the EU is properly ready for an offer of transatlantic co-operation over China if and when it comes. Charted waters,
By Divya Chowdhury
(Reuters) - Trade will be a part of President Joe Biden s overall negotiation policy with China, but it won t be the driving force in Sino-U.S. relations, as it was under former President Donald Trump, a former official at the Office of the U.S. Trade Representative (USTR) said on Wednesday. There are fundamental differences on a host of issues between the United States and China that will be difficult to resolve, Wendy Cutler, former assistant trade representative at the USTR, told the Reuters Global Markets Forum.
The Biden administration would be pressured to engage on trade in the Asia-Pacific region by pacts such as the Regional Cooperation Economic Partnership (RCEP) in Asia, and China s Comprehensive Agreement on Investment (CAI) with Europe, said Cutler, who is currently vice president of the Asia Society Policy Institute.