• Latest
  • Trending
  • All
  • News
  • Business
  • Politics
  • Science
  • World
  • Lifestyle
  • Tech
Biden Maintains Trump’s Tough Trade Stance Toward China

Biden Maintains Trump’s Tough Trade Stance Toward China

April 7, 2021
Adults in all U.S. states are now eligible for vaccination, hitting Biden’s target. Half have had at least one dose.

Adults in all U.S. states are now eligible for vaccination, hitting Biden’s target. Half have had at least one dose.

April 19, 2021
Facebook says no ‘Oculus Quest Pro’ this year

Facebook says no ‘Oculus Quest Pro’ this year

April 19, 2021
3 People Are Fatally Shot in Austin, Texas

3 People Fatally Shot in Austin; Former Sheriff’s Deputy Is Sought

April 19, 2021
German Greens pick Annalena Baerbock to run for chancellor

German Greens pick Annalena Baerbock to run for chancellor

April 19, 2021
Why Political Sectarianism Is a Growing Threat to American Democracy

Why Political Sectarianism Is a Growing Threat to American Democracy

April 19, 2021
If You Care About Social Justice, You Have to Care About Zoning

If You Care About Social Justice, You Have to Care About Zoning

April 19, 2021
‘We Were Left With Nothing.’ Argentina’s Misery Deepens in the Pandemic.

‘We Were Left With Nothing.’ Argentina’s Misery Deepens in the Pandemic.

April 19, 2021
Maitland Ward on Bursting the Barrier Between Porn and Hollywood

Maitland Ward on Bursting the Barrier Between Porn and Hollywood

April 19, 2021
With ‘Knives Out’ Deal, Netflix Signals It’s in the Franchise Business

With ‘Knives Out’ Deal, Netflix Signals It’s in the Franchise Business

April 19, 2021
This Psychedelic Art Pays Tribute to the First Ever Acid Trip

This Psychedelic Art Pays Tribute to the First Ever Acid Trip

April 19, 2021
The Supreme Court’s Increasingly Dim View of the News Media

The Supreme Court’s Increasingly Dim View of the News Media

April 19, 2021
Twelve European Clubs Announce Launch Of Disputed Super League

European Heavyweights Face Criticism Over ‘Cynical’ Super League

April 19, 2021
DNYUZ
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Music
    • Movie
    • Television
    • Theater
    • Gaming
    • Sports
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel
No Result
View All Result
DNYUZ
No Result
View All Result
Home News World Asia

Biden Maintains Trump’s Tough Trade Stance Toward China

April 7, 2021
in Asia, News
Biden Maintains Trump’s Tough Trade Stance Toward China
496
SHARES
1.4k
VIEWS
Share on FacebookShare on Twitter

U.S. Commerce Secretary Gina Raimondo pledged Wednesday to continue the Trump administration’s aggressive trade war with China, saying she will work “as aggressively as possible to protect American workers and businesses from unfair Chinese practices.”   

 

Speaking during a White House press briefing, Raimondo said tariffs imposed during the Donald Trump presidency — and widely decried by Democrats at the time — “have in fact helped save American jobs in steel and aluminum industries.”

 

Overall, the United States is maintaining tariffs on 66% of Chinese exports. Raimondo said those import taxes are needed to level the playing field for international trade.

 

“China’s actions are uncompetitive, coercive, underhanded. They’ve proven they’ll do whatever it takes,” she said. “And so, I plan to use all the tools in my toolbox as aggressively as possible to protect American workers and businesses from unfair Chinese practices.”  

 

Three years ago, Trump levied 25% tariffs on imported steel and 10% on imported aluminum from most countries, contending it was a matter of national security to ensure domestic production of the metals could survive.

 

The U.S. goods deficit with China grew 11.4% from January to $30.3 billion in February, according to statistics released by the Commerce Department on Wednesday.

 

A Pew Research Center survey taken last year found that nearly nine out of 10 adults in the U.S. consider China a competitor or enemy, rather than a partner.

 

Americans, according to the poll, have grown increasingly concerned about China’s technological power, its cyberattacks on the West, its lack of respect for human rights, and U.S. job losses blamed on Chinese imports.

 

Biden has made creating infrastructure jobs a priority of his administration, a topic he addressed Wednesday afternoon at the White House, contending China and others are racing ahead of the United States “attempting to own the future.”

 

Biden wants lawmakers to approve his plan to invest $2 trillion this decade to create millions of jobs.

 

Republicans in Congress say it is too broad and that much of it has nothing to do with traditional infrastructure, such as improving passenger train service, modernizing airports and fixing old highways and bridges. The opposition party is also at odds with the Democratic Party leadership on how to pay for the plan, opposing an increase in the corporate tax rate.   

Senate Minority Leader Mitch McConnell said Wednesday he is “hopeful that not every single Democrat” will back Biden’s infrastructure bill, and centrists in the governing party “will have some skepticism about this massive growth of government.”

 

The president contends that to effectively outcompete China, hundreds of billions of dollars must also be spent on modernizing schools, eliminating lead in water pipes, building a cross-country network of charging stations for electric vehicles, expanding broadband internet access and boosting domestic semiconductor manufacturing.

 

“Do you think China is waiting around to invest in this digital infrastructure on research and development? I promise you, they are not waiting. But they’re counting on American democracy to be too slow, too limited and too divided to keep pace,” Biden said.

 

China is the world’s second-largest economy but is forecast to surpass the United States later this decade or in the early 2030s.

The post Biden Maintains Trump’s Tough Trade Stance Toward China appeared first on Voice of America.

Share198Tweet124Share

Trending Posts

The shootings underscored the fact the country faces not just that the Covid-19 pandemic, but also a gun violence epidemic

The shootings underscored the fact the country faces not just that the Covid-19 pandemic, but also a gun violence epidemic

April 19, 2021
There’s a Booming Business in America’s Forests. Some Aren’t Happy About It.

There’s a Booming Business in America’s Forests. Some Aren’t Happy About It.

April 19, 2021
‘Unbearable’ conditions push Biden administration to close Houston migrant center

‘Unbearable’ conditions push Biden administration to close Houston migrant center

April 19, 2021
What’s Behind the Growth in Alcohol Consumption?

What’s Behind the Growth in Alcohol Consumption?

April 19, 2021
‘Ragdoll’: Henry Lloyd-Hughes & Thalissa Teixeira Join Lucy Hale In AMC Crime Drama Series

‘Ragdoll’: Henry Lloyd-Hughes & Thalissa Teixeira Join Lucy Hale In AMC Crime Drama Series

April 19, 2021

Copyright © 2020.

Site Navigation

  • About
  • Advertise
  • Privacy & Policy
  • Contact

Follow Us

No Result
View All Result
  • Home
  • News
    • U.S.
    • World
    • Politics
    • Opinion
    • Business
    • Crime
    • Education
    • Environment
    • Science
  • Entertainment
    • Culture
    • Gaming
    • Music
    • Movie
    • Sports
    • Television
    • Theater
  • Tech
    • Apps
    • Autos
    • Gear
    • Mobile
    • Startup
  • Lifestyle
    • Arts
    • Fashion
    • Food
    • Health
    • Travel

Copyright © 2020.

We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. By clicking “Accept”, you consent to the use of ALL the cookies.
Cookie settingsACCEPT
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may have an effect on your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

SAVE & ACCEPT