Biden Says He Won't Immediately Remove Phase 1 Tariffs on China
Published Date: 12/2/2020
Source: Bloomberg Quicktake: Now
A transatlantic alliance fractured by Donald Trump’s unilateral trade policies appeared headed for repair as both President-elect Joe Biden and Europe signaled an urgency to rejoin a united front against China’s ascendancy in the global economy. “The best China strategy, I think, is one which gets every one of our -- or at least what used to be our -- allies on the same page,” Biden told New York Times columnist Thomas Friedman. “It’s going to be a major priority for me in the opening weeks of my presidency to try to get us back on the same page with our allies.” Meanwhile, in Brussels, the European Union is making a sweeping proposal for cooperation with the incoming Biden administration to counter the influence of countries like China and Russia. “This combined power and influence is indispensable to anchor global cooperation in the 21st century,” the European Commission, the 27-nation EU’s executive arm, said in a strategy paper published on Wednesday. “Our joint commitment is essential in a world where authoritarian powers seek to subvert democracies, aggressive actors try to destabilize regions and institutions, and closed economies exploit the openness our own societies depend on.” Subscribe to our YouTube channel: https://bit.ly/2TwO8Gm Bloomberg Quicktake brings you live global news and original shows spanning business, technology, politics and culture. Make sense of the stories changing your business and your world. To watch complete coverage on Bloomberg Quicktake 24/7, visit http://www.bloomberg.com/qt/live, or watch on Apple TV, Roku, Samsung Smart TV, Fire TV and Android TV on the Bloomberg app. Have a story to tell? Fill out this survey for a chance to have it featured on Bloomberg Quicktake: https://cor.us/surveys/27AF30 Connect with us on… YouTube: https://www.youtube.com/user/Bloomberg Breaking News on YouTube: https://www.youtube.com/c/BloombergQuickTakeNews Twitter: https://twitter.com/quicktake Facebook: https://www.facebook.com/quicktake Instagram: https://www.instagram.com/quicktake