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Forbes man: 'If Biden wins Trump's trade deal is toast'

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

08 September 2020 - 19:00

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.


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