News

Biden, if elected, would consult allies on future of US tariffs on China – Advisers

US Presidential candidate Joe Biden would consult America’s allies on its trade policy with China, if he wins the election, the Democrat’s top advisers said in a Reuters interview late Wednesday.

Jeffrey Prescott, a former senior foreign policy in the Obama administration, said: "The failure of the Trump administration has been to go it alone. And that has given China an escape hatch.”

“He’s not going to lock into any premature position before we see exactly what we're inheriting. But consulting with allies is going to be a central part of that,” Prescott added.

Separately, Brian McKeon, a former White House and Pentagon adviser in the Obama administration, noted: “You can start by not slapping tariffs on the Europeans and the Canadians and instead work with them on the trade issue.”

Related reads

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.


RELATED CONTENT

Loading ...



Copyright © 2024 FOREXSTREET S.L., All rights reserved.