It’s Too Late for China to Rally if Biden-Xi Call Ends Tariffs
- Biden may decide on China tariffs following call with Xi
- China asset gains to be limited amid doubts on bilateral ties
A reversal of Trump-era tariffs should help improve the strained ties between the world’s two-biggest economies.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
Tariffs on Chinese goods by the US hit markets with shock waves in 2018, but as they look to be rolled back, the move may barely make a ripple.
Expectation is building that President Joe Biden may scrap some of the tariffs imposed on roughly $350 billion in Chinese imports following a highly-anticipated conversation with Chinese leader Xi Jinping on Thursday.