Trump imposed a series of tariffs on China in 2018, many of which Biden has upheld throughout his term.
The Biden administration has sent several signals of a toughening U.S. economic strategy against China, including raising tariffs on Chinese clean energy imports.
"It remains unclear what this relationship will endure in the months and years ahead," Yellen said at a press conference in Beijing on Monday. Biden has been ramping up his economic aggression toward China, as Trump does the same, both vying for American workers' votes.Former President Donald Trump speaks to guests at a rally on April 02, 2024 in Green Bay, Wisconsin.
Rather, Rosen sees tariff hikes as a"stopgap measure" to temporarily rein in overcapacity surges when they happen. He added that the hikes also have political utility by showing voters that"the people currently in power are not asleep at the wheel," when it comes to global economic threats.Tariffs can have unintended economic consequences that end up penalizing American importers and consumers more than they do the intended Chinese exporters.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Biden launches 'Latinos con Biden-Harris' to court Hispanic voters wooed by TrumpPresident Biden's 2024 re-election campaign is launching a new program called 'Latinos con Biden-Harris,' meant to bring in Hispanic voters in key swing states.
Read more »
Trump Super PAC launches 'Biden-Mart' to illustrate rise in grocery costs under BidenThe items listed include meat, fruit, and dairy products.
Read more »
Trump is 'inciting political violence' sharing Biden hog-tied video: Biden campaignTrump shared the video on his social media platform on Friday.
Read more »
Poll: Most Biden Voters Are Voting ‘Against’ Trump Rather than ‘For’ BidenSource of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.
Read more »
China sees little contrast between Trump and Biden, both are 'poison' for BeijingChinese foreign policy experts agree that neither Donald Trump nor Joe Biden is a great option for Beijing. The pressure on China will continue to exist regardless of who comes to power.
Read more »