U.S.China trade tensions are set for more predictability after Joe Bidens presidential win which likely means calmer rhetoric in a continued tough stance on Beijing.
Following years of brewing U.S. complaints about unfair business practices by Chinas statedominated system, President Donald Trump stepped up pressure on Beijing with policy measures that were often abruptly first floated through social media posts on Twitter. Ultimately, his administration levied tariffs on billions of dollars worth of Chinese goods and hurt Chinese telecommunications giant Huawei with sanctions.
The worlds two largest economies signed a phase one trade agreement in January, bringing some reprieve to the tensions of the last two years. However, critics say China is behind on fulfilling agreedto purchases of U.S. goods, while negotiations for a phase two deal have yet to start.
Its also unclear how a Biden administration will handle tariffs, which have hurt businesses in both countries after China responded to U.S. duties with tariffs of its own.
Analysts have pointed out that a Biden administration would be able to work with U.S. allies more effectively than Trump to pursue a more cohesive strategy against China. One of the few issues both Republicans and Democrats have come to agree on is tougher policy against the Communist Partyled country.
In his first speech as presidentelect, Biden said he would focus on controlling the coronavirus pandemic. He did not mention China. In keeping…