The US-China phase one trade deal saw China commit to buying US$200 billion worth of additional US goods over two years, on top of 2017 levels, but it stopped short of forcing major structural changes to China’s economic model. Photo: EPA-EFE The US-China phase one trade deal saw China commit to buying US$200 billion worth of additional US goods over two years, on top of 2017 levels, but it stopped short of forcing major structural changes to China’s economic model. Photo: EPA-EFE
The US-China phase one trade deal saw China commit to buying US$200 billion worth of additional US goods over two years, on top of 2017 levels, but it stopped short of forcing major structural changes to China’s economic model. Photo: EPA-EFE

China ‘accepts’ Joe Biden will not rush to remove Donald Trump’s US trade war tariffs, analysts say

  • US President-elect Joe Biden told The New York Times this week that he will not immediately remove tariffs imposed by Trump on China
  • China and the US signed the phase one trade deal in January, but tariffs remain on some US$370 billion worth of Chinese goods

Topic |   US-China relations
The US-China phase one trade deal saw China commit to buying US$200 billion worth of additional US goods over two years, on top of 2017 levels, but it stopped short of forcing major structural changes to China’s economic model. Photo: EPA-EFE The US-China phase one trade deal saw China commit to buying US$200 billion worth of additional US goods over two years, on top of 2017 levels, but it stopped short of forcing major structural changes to China’s economic model. Photo: EPA-EFE
The US-China phase one trade deal saw China commit to buying US$200 billion worth of additional US goods over two years, on top of 2017 levels, but it stopped short of forcing major structural changes to China’s economic model. Photo: EPA-EFE
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