THE trade deal worked out by US President Donald Trump will be scrapped if Joe Biden wins the November 3 presidential election, according to Forbes magazine editorialist Kenneth Rapoza.
'Joe Biden is not going to focus on trade with China. Tariffs will eventually fall one by one. A Biden presidency is more likely to leave China policy up to the Commerce Department and the State Department, who will likely slap China with individual Magnitsky Act sanctions, with a handful of non-household corporate names thrown in there, for human rights issue associated with Uighur Muslims in Xinjiang,' said Mr Rapoza.
'As for bilateral relations under a Biden Administration, China is offering to trade away a number of Democratic Party wish list items in a return for Washington to give up on a number of bills in the House and Senate designed to reshore essential medical supplies, and attacks against Chinese multinationals ByteDance - TikTok's parent - and Huawei, to name the most famous names in the crosshairs,' he said.
SeaNews Turkey
'Joe Biden is not going to focus on trade with China. Tariffs will eventually fall one by one. A Biden presidency is more likely to leave China policy up to the Commerce Department and the State Department, who will likely slap China with individual Magnitsky Act sanctions, with a handful of non-household corporate names thrown in there, for human rights issue associated with Uighur Muslims in Xinjiang,' said Mr Rapoza.
'As for bilateral relations under a Biden Administration, China is offering to trade away a number of Democratic Party wish list items in a return for Washington to give up on a number of bills in the House and Senate designed to reshore essential medical supplies, and attacks against Chinese multinationals ByteDance - TikTok's parent - and Huawei, to name the most famous names in the crosshairs,' he said.
SeaNews Turkey
