US President-elect Joe Biden will not immediately act to remove the Phase 1 trade agreement President Donald Trump inked with China, the New York Times reported on Wednesday.
In an interview with a Times columnist, Biden said he would not act immediately to remove the 25 percent tariffs that Trump imposed on about half of China’s exports to the US
Under the agreement, China agreed to increase purchases of American products and services by at least USD 200 billion over 2020 and 2021.
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